Datapulse Technology (SGX:BKW) responded to shareholder and Securities Investors Association (Singapore) (SIAS) queries following its FY24 annual report, according to a Monday filing on the Singapore Exchange.
The company clarified the resignations of former CEO Yee Chia Hsing and CFO Yeo Sock Koon, both disclosed earlier in FY24. Despite reporting a profit of 1.89 cents per share and cash of 5.56 cents per share, no dividend was declared.
Datapulse addressed questions about its asset management agreement with Travelodge Harbourfront Singapore, noting it had no material updates. It also responded to media reports on the potential sale of the Harbourfront hotel, clarifying its 5% stake.
On the proposed share issuance, the company justified the move to enhance capital flexibility. Datapulse reiterated its commitment to improving profitability and delisting from the SGX Watch-List.
For FY24, the company reported revenue of $6.2 million, up from $4.5 million in FY23. Attributable profit surged to $4.5 million, reversing a $1.2 million loss, and NAV per share rose to 26.12 cents from 25.01 cents.
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