Stamford Land Corp Ltd 2024 AR2
The report outlines the financial and operational performance of Stamford Land Corporation Ltd for the fiscal year ended March 31, 2024. The company experienced a strong recovery in its hotel owning and management segment, with revenue increasing by 11% to S$124.4 million, driven by higher occupancy and room rates. Additionally, property development revenue grew by 83% due to settlements at Macquarie Park Village. Despite a fair value loss of S$81 million on investment properties due to rising interest rates, the company maintained a robust balance sheet with net cash of S$452 million and zero gearing. The company also highlighted its commitment to sustainability and community engagement through various green initiatives and corporate social responsibility programs.
Company: Stamford Land Corp Ltd
Sector: Hospitality & food services
Country: Singapore
Year: 2024
Type: AR2
Pages: 187
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Stamford Land Corp Ltd
Annual Report
The report outlines the financial and operational performance of Stamford Land Corporation Ltd for the fiscal year ended March 31, 2024. The company experienced a strong recovery in its hotel owning and management segment, with revenue increasing by 11% to S$124.4 million, driven by higher occupancy and room rates. Additionally, property development revenue grew by 83% due to settlements at Macquarie Park Village. Despite a fair value loss of S$81 million on investment properties due to rising interest rates, the company maintained a robust balance sheet with net cash of S$452 million and zero gearing. The company also highlighted its commitment to sustainability and community engagement through various green initiatives and corporate social responsibility programs.
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Document Details
Report Year
2024
Reporting Period
Apr 1, 2023 - Mar 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees