May 7, 2011

FSL Q1FY11 result release

Again, FSL maintains its DPU as at US$0.0095.  However, from the announcement I read, the quarter posted a net loss of US$2 mil in Q1FY11 compared to US$0.7 mil net gain in Q1FY10. Unless things turnaround, I suppose they will not be able to maintain the same DPU level in the next few distributions. Hopefully I am wrong and wishing them the best. Anyway, the dividend I shall receive will be (with rough estimation of USD/SGD exchange conversion rate at 1.23):

US$0.0095 x 1.23 x 10000 shares = S$116.85

Date payable is on 27 May 2011.

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