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Financial Highlights
Income Statement
Balance Sheet
Dividend Information
Financial Ratios
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Income Statement
S$’000
2024
2023
2022
2021
2020
(Restated)*
(Restated)*
Net operating income
29,092
30,141
26,349
34,371
34,984
Profit/(loss) before tax - by business segment
- Lending business
10,399
7,830
6,910
13,099
9,229
- Insurance
-5,092
-692
-483
-410
-6,692
Profit – Overall
- before tax
5,307
7,138
6,427
12,689
2,537
- after tax
3,709
5,322
4,856
9,649
2,361
- attributable to shareholders
1,889
3,439
3,059
7,951
795
Number of shares ('000)
375,970
375,970
375,970
375,970
375,970
Issued share capital
137,302
137,302
137,302
137,302
137,302
Shareholders' funds
178,514
176,301
175,435
178,955
175,750
Non-controlling interests ("NCI")
27,757
23,811
23,143
17,305
17,886
Total assets
525,843
491,328
398,127
401,249
481,427
Total liabilities
319,572
291,216
199,549
204,989
287,791
Dividends proposed/paid for the year (net of tax)
1,880
1,880
1,692
2,932
752
Gross dividends declared per share**
- Ordinary (cents)
0.50
0.50
0.45
0.78
0.2
Dividend yield as of 31 December
4.50%
3.9%
2.40%
4.20%
1.10%
Earnings per share (cents)
0.50
0.91
0.81
2.11
0.21
Net tangible assets per share ($)
0.47
0.47
0.47
0.48
0.47
Return on average shareholders' funds
2.1%
3.0%
2.70%
5.40%
1.30%
Cost-income ratio
79.2%
70.6%
71.20%
61.60%
69.40%
Current ratio (times)
1.2
1.3
1.9
2.0
1.4
Debt to equity ratio (times)
1.5
1.5
1.0
0.9
1.4

* Restatement of prior years number due to the initial application of SFRS(I) 17 Insurance Contracts.

Balance Sheet
S$’000
2024
2023
2022
2021
2020
Net operating income
29,092
30,141
26,349
34,371
34,984
Profit/(loss) before tax - by business segment
- Lending business
10,399
7,830
6,910
13,099
9,229
- Insurance
-5,092
-692
-483
-410
-6,692
Profit – Overall
- before tax
5,307
7,138
6,427
12,689
2,537
- after tax
3,709
5,322
4,856
9,649
2,361
- attributable to shareholders
1,889
3,439
3,059
7,951
795
Number of shares ('000)
375,970
375,970
375,970
375,970
375,970
Issued share capital
137,302
137,302
137,302
137,302
137,302
Shareholders' funds
178,514
176,301
175,435
178,955
175,750
Non-controlling interests ("NCI")
27,757
23,811
23,143
17,305
17,886
Total assets
525,843
491,328
398,127
401,249
481,427
Total liabilities
319,572
291,216
199,549
204,989
287,791
Dividends proposed/paid for the year (net of tax)
1,880
1,880
1,692
2,932
752
Gross dividends declared per share**
- Ordinary (cents)
0.50
0.50
0.45
0.78
0.2
Dividend yield as of 31 December
4.50%
3.9%
2.40%
4.20%
1.10%
Earnings per share (cents)
0.50
0.91
0.81
2.11
0.21
Net tangible assets per share ($)
0.47
0.47
0.47
0.48
0.47
Return on average shareholders' funds
2.1%
3.0%
2.70%
5.40%
1.30%
Cost-income ratio
79.2%
70.6%
71.20%
61.60%
69.40%
Current ratio (times)
1.2
1.3
1.9
2.0
1.4
Debt to equity ratio (times)
1.5
1.5
1.0
0.9
1.4
Dividend Information
S$’000
2024
2023
2022
2021
2020
Net operating income
29,092
30,141
26,349
34,371
34,984
Profit/(loss) before tax - by business segment
- Lending business
10,399
7,830
6,910
13,099
9,229
- Insurance
-5,092
-692
-483
-410
-6,692
Profit – Overall
- before tax
5,307
7,138
6,427
12,689
2,537
- after tax
3,709
5,322
4,856
9,649
2,361
- attributable to shareholders
1,889
3,439
3,059
7,951
795
Number of shares ('000)
375,970
375,970
375,970
375,970
375,970
Issued share capital
137,302
137,302
137,302
137,302
137,302
Shareholders' funds
178,514
176,301
175,435
178,955
175,750
Non-controlling interests ("NCI")
27,757
23,811
23,143
17,305
17,886
Total assets
525,843
491,328
398,127
401,249
481,427
Total liabilities
319,572
291,216
199,549
204,989
287,791
Dividends proposed/paid for the year (net of tax)
1,880
1,880
1,692
2,932
752
Gross dividends declared per share**
- Ordinary (cents)
0.50
0.50
0.45
0.78
0.2
Dividend yield as of 31 December
4.50%
3.9%
2.40%
4.20%
1.10%
Earnings per share (cents)
0.50
0.91
0.81
2.11
0.21
Net tangible assets per share ($)
0.47
0.47
0.47
0.48
0.47
Return on average shareholders' funds
2.1%
3.0%
2.70%
5.40%
1.30%
Cost-income ratio
79.2%
70.6%
71.20%
61.60%
69.40%
Current ratio (times)
1.2
1.3
1.9
2.0
1.4
Debt to equity ratio (times)
1.5
1.5
1.0
0.9
1.4
Financial Ratios
S$’000
2024
2023
2022
2021
2020
Net operating income
29,092
30,141
26,349
34,371
34,984
Profit/(loss) before tax - by business segment
- Lending business
10,399
7,830
6,910
13,099
9,229
- Insurance
-5,092
-692
-483
-410
-6,692
Profit – Overall
- before tax
5,307
7,138
6,427
12,689
2,537
- after tax
3,709
5,322
4,856
9,649
2,361
- attributable to shareholders
1,889
3,439
3,059
7,951
795
Number of shares ('000)
375,970
375,970
375,970
375,970
375,970
Issued share capital
137,302
137,302
137,302
137,302
137,302
Shareholders' funds
178,514
176,301
175,435
178,955
175,750
Non-controlling interests ("NCI")
27,757
23,811
23,143
17,305
17,886
Total assets
525,843
491,328
398,127
401,249
481,427
Total liabilities
319,572
291,216
199,549
204,989
287,791
Dividends proposed/paid for the year (net of tax)
1,880
1,880
1,692
2,932
752
Gross dividends declared per share**
- Ordinary (cents)
0.50
0.50
0.45
0.78
0.2
Dividend yield as of 31 December
4.50%
3.9%
2.40%
4.20%
1.10%
Earnings per share (cents)
0.50
0.91
0.81
2.11
0.21
Net tangible assets per share ($)
0.47
0.47
0.47
0.48
0.47
Return on average shareholders' funds
2.1%
3.0%
2.70%
5.40%
1.30%
Cost-income ratio
79.2%
70.6%
71.20%
61.60%
69.40%
Current ratio (times)
1.2
1.3
1.9
2.0
1.4
Debt to equity ratio (times)
1.5
1.5
1.0
0.9
1.4
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Singapore Post Centre
Singapore 408600
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