Overview

Highlights For FY2015 And FY2016

Pollux Properties Ltd achieved revenue growth of 27.4% from S$37.88 million in the financial year ended 31 March 2015 (“FY2015”) to S$48.27 million in FY2016, we also recorded a net attributable profit of S$1.66 million in FY2016 despite the larger macro-economic headwinds. Our revenue mix was robust as we recognised project revenue from our residential projects, namely Metro Loft, Garden Park Residences, Berkeley Residences and Mayfair Residences.

In respect of our investment properties, we grew our revenue more than 478% from S$0.93 million in FY2015 to S$5.38 million in FY2016. The bulk of the revenue was generated from our Louis Kienne Serviced Residences, which accounted for S$5.21 million. In addition, we enjoyed stable rental income throughout the financial year from our two retail investment properties located along Balestier Road. Although we had made repayments of certain loans during FY2016, our balance sheet position remained healthy with cash and cash equivalents standing at S$9.94 million as at the end of FY2016 as compared to S$16.85 million as at the end of FY2015. Total shareholders’ equity as at the end of FY2016 stood at S$50.78 million, while earnings per share was 0.27 cents, and net asset value per share was 8.10 cents.

GROWING OUR POLLUX PROPERTIES FAMILY

On 7 September 2015, we added to our family through the subscription of 300,100 new ordinary shares in the capital of Stirling Fort Capital Pte. Ltd. (“Stirling Fort Capital”, formerly known as Stirling Fort Asia Pte. Ltd.), a fund management company. This gives us an effective 50.01% stake in Stirling Fort Capital, and marks the start of a strategic and long-term alliance.

Through the new addition, we believe that we will be able to further enhance our shareholders’ value by way of recurring revenue streams from management fees and performance fees of the investment fund products under Stirling Fort Capital. This move also represents our efforts to expand our fee-based business moving forward.

Announcements:

10/7/201610 Jul 2016 - Pollux Properties Annual Report 2016
25/5/201625 May 2016 -
FY2016 Financial Results Presentation
25/5/201625 May 2016 -
FY2016 Financial Results Announcement
8/1/20168 Jan 2016 -
Re-designation of Deputy Financial Controller to Financial Controller
6/11/20156 Nov 2015 -
1H2016 Financial Results Presentation
6/11/20156 Nov 2015 -
1H2016 Financial Results Announcement
7/9/20157 SEP 2015 - Subscription Agreement Relating to Stirling Fort Asia Pte. Ltd.--
Completion
31/8/201531 AUG 2015 - Subscription Agreement Relating to Stirling Fort Asia Pte. Ltd.--
Receipt of Listing and Quotation Notice
11/8/201511 AUG 2015 - Subscription Agreement Relating to Stirling Fort Asia Pte. Ltd.
23/7/201523 JUL 2015 - AGM Results
22/7/201522 JUL 2015 - AGM Presentation Slides
8/7/20158 JUL 2015 - Interested Person Transaction
6/7/20156 JUL 2015 - Annual Report
6/7/20156 JUL 2015 - Notice of AGM
21/5/201521 MAY 2015 - Financial Statements and Related Announcement/FY2015 Result Presentation
21/5/201521 MAY 2015 - Financial Statements and Related Announcement/FY2015 Result Announcement
30/4/201530 APR 2015 - Striking Off of Dormant Subsidiaries
9/4/201509 APR 2015 - Changes in Interest of Director/ Chief Executive Officer
9/4/201509 APR 2015 - Changes in Interest of Substantial Shareholder(s)/ Unitholder(s)
16/3/201516 MAR 2015 - Changes in Interest of Director/ Chief Executive Officer
16/3/201516 MAR 2015 - Changes in Interest of Substantial Shareholder(s)/ Unitholder(s)