Bonvests Holdings Limited proposed a first and final 1-tier tax exempt cash dividend of 1.60 cents per share for the year ended December 31, 2015. Subject to the approval of shareholders at the upcoming Annual General Meeting, dividend will be paid on May 20, 2016 to shareholders whose names appear in the Register of Members on 6 May 2016.

The company announced unaudited group earnings results for the year ended December 31, 2015. For the year, the company's revenue was SGD 212.3 million compared with SGD 196.7 million a year ago. This was due mainly to higher revenue from the Industrial, Investment and Hotel Divisions partially offset by lower revenue from the Property - Rental Division. Profit from operations was SGD 62.9 million compared with SGD 46.2 million a year ago. Profit before taxation was SGD 59.3 million compared with SGD 43.97 million a year ago. This was due mainly to higher revaluation gains and higher contributions from the Industrial and Investment Divisions, partially offset by allowance for impairment of fixed assets for the hotel in Zanzibar, acquisition costs incurred in relation to the purchase of Four Points by Sheraton Perth, higher finance costs, foreign exchange losses and lower contributions from the Hotel and Property - Rental Divisions. Net profit attributable to equity holders of the company was SGD 48.8 million or 12.144 cents per basic and diluted share compared with SGD 34.2 million or 8.516 cents per basic and diluted share a year ago. Net cash generated from operating activities was SGD 36.2 million compared with SGD 45.2 million a year ago. Net cash generated from operating activities was due mainly to positive cash flow generated from business operations (excluding revaluation gains on investment properties), depreciation and allowance for impairment loss on property, plant and equipment. Purchase of property, plant and equipment was SGD 23.1 million compared with SGD 24.8 million a year ago. As on December 31, 2015, the company's net asset value per ordinary share was SGD 2.17.