1 Company Paying Dividend on Tuesday

There are a few companies going ex-dividend in the next few days. In other words, you need to own them before a particular date in order to receive their dividends. Let’s take a look at one of them going ex-dividend on Tuesday, 12 June 2018.

Asian Healthcare Specialists Ltd (SGX: 1J3)

The firm is made up of five senior and experienced orthopaedic medical specialists operating at four clinics under The Orthopaedic Centre brand. Together, they provide a wide range of general and sub-specialised orthopaedic, trauma and sports services.

The healthcare outfit is dishing out 0.2 Singapore cent per share for the six months ended 31 March 2018 (1H 2018).

For the six-month period, sales went up 0.5% year-on-year to S$5.6 million.

Purchased and contracted services cost fell 98.3% to S$64,000 in 1H 2018 due to the termination of consultancy services agreements and commencement of employment agreements for four doctors from October 2017.

Meanwhile, staff costs rose 411.1% to S$1.7 million, and other operating expenses went up 125.2% to S$1.3 million. The higher staff costs were due to the transition to employment agreements and increased staff count. Other operating expenses went up mainly due to listing expenses of S$0.6 million.

Due to the above, net profit ballooned more than nine times to S$1.4 million in the latest period. Excluding the one-off listing expenses incurred for its initial public offering (IPO) in April this year, net profit for 1H 2018 would have been higher at S$2.1 million.

During its IPO, Asian Healthcare Specialists raised around S$9.5 million in net proceeds. The group plans to use the proceeds for both organic and inorganic business expansions (S$8.5 million), and for working capital purposes (S$1.0 million).

Its expansion plans include “expanding its business to complement its existing range of services in relation to the musculoskeletal group such as establishing a pain management centre and recruiting experienced pain physicians, neurologists and neurosurgeons”.

Shares in the firm shares ended Friday at S$0.275, translating to a price-to-earnings ratio of 28 and a dividend yield of 1.5%.

There are 28 surprising and important things we think every Singaporean investor should know—and we’ve laid them all out in The Motley Fool Singapore’s new e-book. Packed with information and insights, we believe this book will help you be a better, smarter investor. You can download the full e-book FREE of charge—simply click here now to claim your copy.

The information provided is for general information purposes only and is not intended to be personalised investment or financial advice.  Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.