Roxy-Pac: 4Q rev at $42.1m -11.4% yoy -5.2% qoq. Net profit at $11.4m -5.0% yoy -14.6% qoq. Fall in rev due to lack of contributions from completed projects The Ambrosia and The Florentine. Co continues to recognise rev from 7 dev projects in 4Q2011 and property dev made up approx 70% of all rev. Rev from hotel ownership increased 7% yoy to $12.3m with occupancy rate at 96.1% (9M2011, 94.1%) and RevPar of $180.9 (9M2011, $155.9). Property Invt segment saw a dip of 1% due to redev of Kovan Centre
Kovan Centre will be demolished and re-constructed as Space@Kovan which has been fully sold with value of approx $160m
Co has declared a div of 2.0c compared to 1.5c previously
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