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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%.

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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.