APAC Realty (CLN.SI) shares are soaring 3.95% in pre-market trading on Monday, following the company's announcement of impressive financial results and a significant dividend increase for the first half of 2025.
The real estate services provider reported a stellar performance, with revenue climbing 28.8% year-on-year to S$341.5 million. More notably, APAC Realty's net profit skyrocketed by 176.4% to S$11.3 million compared to the same period last year. In a move that has particularly excited investors, the company declared an interim dividend of S$0.027 per share, tripling the S$0.009 paid out in the previous year.
The robust financial results were driven by strong activity in the new private residential segment, with revenue from new home sales more than doubling to S$131.2 million. Looking ahead, APAC Realty is poised for continued growth, with around 57,000 new housing units expected to come on stream over the next few years. The company's positive outlook, coupled with its improved dividend payout, appears to be fueling investor optimism and driving the stock's pre-market surge.