Stamford Land Corp Ltd 2019 AR2
The report highlights Stamford Land Corporation Ltd's financial and operational performance for the fiscal year ended March 31, 2019. The company achieved a net profit of S$47.7 million, representing a 15.4% decline compared to the previous year, primarily due to challenges in the property development market and an impairment write-down on Dynons Plaza. Despite these headwinds, the hotel owning and management segment delivered stable results, with Stamford Plaza Sydney Airport winning the Best Airport Hotel in Australia/Pacific for the sixth consecutive year. The company maintained a strong net cash position, enabling it to seek new investment opportunities. Additionally, the report outlines the company's commitment to sustainability, highlighting key group-level policies across governance, social, and environmental areas.
Company: Stamford Land Corp Ltd
Sector: Hospitality & food services
Country: Singapore
Year: 2019
Type: AR2
Pages: 159
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Stamford Land Corp Ltd
Annual Report
The report highlights Stamford Land Corporation Ltd's financial and operational performance for the fiscal year ended March 31, 2019. The company achieved a net profit of S$47.7 million, representing a 15.4% decline compared to the previous year, primarily due to challenges in the property development market and an impairment write-down on Dynons Plaza. Despite these headwinds, the hotel owning and management segment delivered stable results, with Stamford Plaza Sydney Airport winning the Best Airport Hotel in Australia/Pacific for the sixth consecutive year. The company maintained a strong net cash position, enabling it to seek new investment opportunities. Additionally, the report outlines the company's commitment to sustainability, highlighting key group-level policies across governance, social, and environmental areas.
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Document Details
Report Year
2019
Reporting Period
Apr 1, 2018 - Mar 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available