One of the largest listed property development companies in Malaysia, TA Global Berhad held its 10th Annual General meeting on 27th June 2018.
The Company’s revenue rose 15.3% from RM646.1 million a year ago to RM745.1 million for its financial year ended Dec 31, 2017 (FY17). Hotel operations became the major factor of its growth contributing up to 89.5% of the total revenue and 8.4% came from the property investment division.
The Company’s hotels operations in Australia, Singapore, Thailand, Canada and China achieved RM667.1 million in revenue and RM130.3 million in segment profit for FY2017 as compared to RM481.9 million in revenue and RM42.8 million in segment profit from the previous year.
It is expected for the Company to receive remarkable earning and gain increase in their property division with the addition of Trump International Hotel Vancouver to their portfolio.
TA Global adopts a final dividend of 0.6 sen per ordinary share was approved today.
TA Enterprise saw its revenue grows 24.7% to RM1,051.3 million for the financial year ended 31 December 31, 2017 (FY17), compared with RM843.0 million in 2016.
The Company said the growth in revenue was driven by overseas hotel operations, stockbroking and financial services, as well as the investment holding divisions, which contributed to 92.3% of the Group’s revenue.
Having hotel operations in Australia, Singapore, Thailand, Canada and China can be deemed for more than half of the Group’s revenue. Other outstanding result include the earnings per share of 12.55 sen and the steady return on shareholder’s equity that stood at 8.65%.
TA Enterprise said despite the economic being unpredictable, it is particularly satisfying to have achieved this level of revenue and the company expects to grow even further.
It has adopted a dividend policy that was approved to pay the shareholders consistent yearly dividends ranging between 40% and 60% of the Company’s net realised profit and a final dividend of 4.1 sen per ordinary share.
For more information about TA Global, please visit http://taglobal.com.my/