Noel Gifts' Profit Surges in Fiscal H2; Shares Up 6%

MT Newswires08-29

Noel Gifts (SGX:543) profit attributable to owners zoomed to SG$14.5 million in the six months ended June 30, compared with SG$871,000 in the year-ago period, according to a filing with the Singapore Exchange on Wednesday.

Earnings per share from continuing operations came in at SG$0.0083 per share from SG$0.0008 per share in the comparable period.

Revenue was down 1% year over year to SG$10.5 million from SG$10.7 million.

The company declared a first and final cash dividend of SG$0.026 per share and a special cash dividend of SG$0.094 per share.

Shares of the company were up over 4% in recent trading.

Price (SGD): S$0.37, Change: S$+0.020, Percent Change: +5.80%

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