APAC Realty, which owns the ERA property agency here, has reported earnings of $16.3 million for the financial year ended Dec 31 2020, up 17.8% over the preceding FY2019. Revenue in the same period was $395.1 million, up 6.9% y-o-y.

The company plans to pay a final dividend of 1.75 cents per share, which will be on top of the interim dividend of 0.75 cents already paid. The total FY2020 dividend of 2.5 cents represents a payout ratio of 54.3%.

“Notwithstanding the impact of Covid-19, we turned in a relatively strong performance in FY2020. Our on-going digital transformation across our business continues to provide us with greater flexibility in today’s differentiated work environment,” says Jack Chua, the company’s executive chairman and CEO.

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