TA Global Bhd (TAG) recorded a boost of 15.3 per cent from RM 646.1 million in 2016 to RM745.1 million for fiscal year ended on December 31, 2017 (FY17).
The company also has successfully achieved a profit before tax (PBT) of RM 165.7 million for FY17.
Hotel operations remained the main driver of the growth, having contributed to 89.5 per cent of the total revenue and 8.4 per cent came from the property investment division.
On a segmental basis, the Company’s hotel operations in Australia, Singapore, Thailand, Canada and China have achieved RM667.1 million in revenue and RM130.3 million in segment profit for FY17 as compared to RM481.9 million in revenue and RM42.8 million in segment profit from the preceding year.
“Despite the forecast of a soft property market, we are confident about making greater
strides in the current financial year.
“With the addition of Trump International Hotel Vancouver to our portfolio and upcoming solid projects in the pipeline, we anticipate greater significant earning and yield increase in our property division in the near future,”said the company in a press statement.
The Company adopts a dividend policy to consistently pay the shareholders yearly dividends
ranging between 20 per cent and 50 per cent of the Group’s net realised profit for that financial year.
A final dividend of 0.6 sen per ordinary share was approved during the meeting, totalling