First Sponsor reports 59.2% jump in H1 earnings to S$19 million, interim dividend of S$0.011 a share

First Sponsor reported a 59.2% increase in H1 earnings to S$19 million, driven by higher profits from associates and joint ventures, despite an 11% drop in revenue to S$153.9 million. The decline was attributed to lower sales in development properties and hotel operations, partially offset by increased rental income. An interim dividend of S$0.011 per share was approved, matching FY2024. CEO Neo Teck Pheng emphasized the company's strong financial position to navigate challenges and seize opportunities. Shares remained unchanged at S$1.05.