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Business Times
27-05-2025
- Business
- Business Times
Bukit Sembawang H2 earnings up 13% at S$51.4 million; company proposes higher special dividend
[SINGAPORE] Property developer Bukit Sembawang Estates reported a net profit after tax of S$51.4 million for the second half of its financial year ending Mar 31, a 13 per cent increase from S$45.6 million over the same period last year. The increase was mainly due to higher profits being recognised for residential development projects Pollen Collection, Liv@MB and Fraser Residence Orchard, said the property developer via a bourse filing on Monday (May 26). However, revenue fell 24 per cent to S$225.9 million from S$297.7 million over the same period mainly due to the absence of revenue contribution from a completed project call The Atelier, which had its revenue fully recognised in the previous half-year reporting period. Cost of sales was down 34 per cent at S$166.5 million. However, gross profit rose 32 per cent to S$59.4 million in H2 FY2025. As a result, earnings per share increased to S$0.1984 from S$0.1762 over the same period. While higher profits were recognised from the property development segments, there were lower profits from the hospitality segment. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up This was due to lower impairment loss on property, plant and equipment at Fraser Residence Orchard. The company said that the cooling measures implemented in April 2023 – when the government hiked Additional Buyer's Stamp Duty rates to 60 per cent for foreigners – continue to dampen property demand, particularly from foreign buyers as well as investment-driven purchases by Singaporeans and permanent residents. 'At the same time, a cautious economic outlook, both globally and locally, is weighing on investor sentiment. Within this context, the residential property market remains challenging, with elevated construction and development costs continuing to put pressure on margins,' the group said. 'The group will continue to monitor the progress of construction of our ongoing projects to ensure timely completion. It will also adopt a prudent and measured approach in calibrating the timing of upcoming launches of residential projects, in alignment with prevailing market conditions and buyer sentiment,' it added. For the full year, earnings surged 61 per cent to S$114 million on a 2 per cent dip in revenue to S$550 million. The group has proposed a final dividend of 4 cents and special dividend of 16 cents a share; compared with 4 and 12 cents the year before. Shares of Bukit Sembawang Estates fell 0.3 per cent, or S$0.01 to close at S$3.92 on Monday.
Business Times
26-05-2025
- Business
- Business Times
Bukit Sembawang Estates H2 FY2025 earnings up 13% at S$51.4 million
[SINGAPORE] Property developer Bukit Sembawang Estates reported a net profit after tax of S$51.4 million for the second half of its financial year ending Mar 31, a 13 per cent increase from S$45.6 million over the same period last year. The increase was mainly due to higher profits being recognised for residential development projects Pollen Collection, Liv@MB and Fraser Residence Orchard, said the property developer via a bourse filing on Monday (May 26). However, revenue fell 24 per cent to S$225.9 million from S$297.7 million over the same period mainly due to the absence of revenue contribution from a completed project call The Atelier, which had its revenue fully recognised in the previous half-year reporting period. Cost of sales was down 34 per cent at S$166.5 million. However, gross profit rose 32 per cent to S$59.4 million in H2 FY2025. As a result, earnings per share increased to S$0.1984 from S$0.1762 over the same period. While higher profits were recognised from the property development segments, there were lower profits from the hospitality segment. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up This was due to lower impairment loss on property, plant and equipment at Fraser Residence Orchard. The company said that the cooling measures implemented in April 2023 – when the government hiked Additional Buyer's Stamp Duty rates to 60 per cent for foreigners – continue to dampen property demand, particularly from foreign buyers as well as investment-driven purchases by Singaporeans and permanent residents. 'At the same time, a cautious economic outlook, both globally and locally, is weighing on investor sentiment. Within this context, the residential property market remains challenging, with elevated construction and development costs continuing to put pressure on margins,' the group said. 'The group will continue to monitor the progress of construction of our ongoing projects to ensure timely completion. It will also adopt a prudent and measured approach in calibrating the timing of upcoming launches of residential projects, in alignment with prevailing market conditions and buyer sentiment,' it added. Shares of Bukit Sembawang Estates fell 0.3 per cent, or S$0.01 to close at S$3.92 on Monday.
Independent Singapore
15-05-2025
- Entertainment
- Independent Singapore
Malaysian model Sharwita to showcase local fashion at the 2025 Cannes Film Festival
MALAYSIA: The upcoming 78th Cannes Film Festival's coveted Red Carpet Premiere on May 20 will be attended by top Malaysian model and fashion entrepreneur Sharwita (also known as Sharminidevi Parameispran), according to Malay Mail. Photo: Instagram/Sharwita She wants to take this opportunity to truly emphasise Malaysia's great fashion labels and showcase to the globe that the country is a perfect destination for Southeast Asian fashion tourism. She will be attending the prestigious international film festival for the second time. Malaysia's got it all In an interview at Wisma Bernama, Sharwita said that Malaysia's got it all – an amazing mix of cultures, talented designers, and the potential to be a real hotspot for fashion tourism, not just in Southeast Asia but even further! She's really hoping her being at Cannes will help spread that message. For her big walk on the Cannes red carpet, Sharwita will be wearing these one-of-a-kind, specially created pieces from Thamarai Jewels. She's actually the brand's official ambassador, and they're the official jewellery partner for her appearance there. Last year, the model turned heads at the Cannes Film Festival Red Carpet with a kebaya-inspired gown featuring 10,000 handcrafted pearls. Stunning, high-fashion design With two decades in the fashion world under her belt, the statuesque 5'9″ Sharwita will be wearing a stunning, high-fashion design from The Atelier for her Cannes appearance. This is a really respected Malaysian brand known for its amazing couture, and their team of international designers is actually led by the legendary shoe designer, Datuk Jimmy Choo. Sharwita's schedule includes attending film premieres and networking across over 60 international pavilions. In this way, she'll be representing Malaysia not only through its fashion but also as a cultural ambassador. Linking Malaysia's creative talents Sharwita sees Cannes as more than just a fancy event. In her words, it's about making connections, learning new things, and creating opportunities to work together. She really views herself as someone who can help link Malaysia's creative talents – from fashion to film – with the rest of the world. Sharwita's hometown is in Kajang, Selangor. She is the founder of Le Fashion Secret, a modelling agency that bridges aspiring Malaysian models with opportunities in the international fashion industry. She's also recognised for her generous spirit, offering free catwalk training and guidance to those aspiring to careers as models and beauty queens. The model is currently in talks with Finas (the National Film Development Corporation Malaysia) to put Malaysia on the map as a fashion tourism spot and support the big 'Visit Malaysia Year 2026' campaign. Sharwita and Finas are looking to collaborate after Sharwita's appearance at Cannes. Most prestigious event globally The 78th Cannes Film Festival will be held from May 13 to May 24. You will spot the biggest names in international film and fashion at the highly esteemed event, which is one of the most prestigious events globally.
Malay Mail
11-05-2025
- Entertainment
- Malay Mail
‘Malaysia's bridge to the globe': Kajang-born model Sharwita to bring local couture to Cannes Film Festival 2025
KUALA LUMPUR, May 11 — Malaysian top model and fashion entrepreneur Sharminidevi Parameispran, better known as Sharwita, is set to make an appearance at the 78th Cannes Film Festival 2025 Red Carpet Premiere on May 20. This will be her second appearance at the prestigious international film festival and she will use the platform to promote Malaysia's established fashion brands, positioning the country as a fashion tourism destination within Asean. 'Malaysia has everything — multicultural richness, creative designers and the potential to be a fashion tourism destination for Asean and beyond. I hope my participation at Cannes helps drive that message,' she said in an interview at Wisma Bernama here recently. As the official brand ambassador of Thamarai Jewels, the official jewellery partner for her Cannes Red Carpet appearance, Sharwita will wear exclusive, specially designed pieces to complete her look. At the Cannes Film Festival Red Carpet event last year, Sharwita made headlines with a kebaya-inspired gown featuring 10,000 handcrafted petals. Malaysian supermodel and fashion entrepreneur Sharwita speaking during an interview with Bernama at Jalan Masjid India recently. — Bernama pic For this year's appearance, the 5-foot, 9-inch tall model, who has 20 years of experience in the fashion industry, will wear a luxury couture design by The Atelier, a renowned Malaysian haute couture brand whose team of international fashion designers is led by internationally acclaimed shoe designer Datuk Jimmy Choo. Sharwita is also scheduled to attend film premieres and participate in networking sessions across more than 60 international pavilions, representing Malaysia not only in fashion but also as a cultural ambassador. 'Cannes is not just about glamour. It's also about connecting, learning and opening doors for collaboration. I see myself as a bridge between Malaysia and the global creative industries — from fashion to film,' she said. Born and raised in Kajang, Selangor, Sharwita is also the founder of Le Fashion Secret, a modelling agency that connects aspiring Malaysian talents with international opportunities. She is known for providing free catwalk training and mentoring to aspiring models and beauty queens. Sharwita is currently in discussions with the National Film Development Corporation Malaysia (Finas) to formalise collaborative efforts following her Cannes appearance, aimed at promoting Malaysia as a hub for fashion tourism in support of the Visit Malaysia Year 2026 campaign. The 78th Cannes Film Festival will be held from May 13 to 24 in Cannes, France. Recognised as one of the world's most prestigious film festivals, it showcases films of various genres and attracts top names from the global film and fashion industries. — Bernama
