Take a "deep" look into latest Oxley results
announcement .
The Group recorded a profit before tax for the year of S$3.6 million, as compared to loss before tax of S$106.1 million in the previous year . 👍
The Group also reported further deleveraging of loans and borrowings in FY2025, reducing total loans and borrowings by S$126.2 million. Finance costs for the Group had also decreased simultaneously by 21% for FY2025.👍👍👍
Improved Financial Position & Gearing: The Group’s outstanding bank borrowing and fixed rates notes as at 30 June 2025 stands at S$1,243 million, out of which S$1,155 million is secured against the assets of the group assets.👍
The Group is undertaking a strategic repositioning of its business to solely focus on its core strength in property development.
As part of this repositioning, the Group plans to sell its investment properties and hotel assets to reduce gearing and to optimise its cashflows.🌈🌈🌈
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