Tainan-based Prince Housing and Development Corp (太子建設) is looking at earnings growth this year due to unrecognized sales and profits of about NT$6 billion (US$205.42 million), the company told an investors’ conference on Wednesday.
The rosy outlook, if realized, would beat last year’s net income, which soared nearly twofold from 2020 to a five-year high of NT$1.53 billion, or earnings of NT$0.95 per share.
The company’s board approved a proposed cash dividend of NT$0.5 per share, pending shareholders’ approval at a meeting on June 17.
Prince Housing and Development stands to benefit from a new housing project in New Taipei City’s Linkou District