Page 6 - ar2013

STAMFORD LAND CORPORATION LTD
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The Group remains in a sound financial position with cash and cash equivalents amounting
to $75.4 million. This stands us in good stead to acquire suitable investment opportunities to
enhance our growth.
The Board is recommending a tax-exempt final dividend of 2.0 cents per ordinary share and
special dividend of 1.0 cents per ordinary share. The total payout would amount to about
$25.9 million.
HOTELS GEARING UP FOR BETTER PERFORMANCE
Attesting to our hotels’ impeccable service, Sir Stamford at Circular Quay, Stamford Plaza
Melbourne, Stamford Plaza Brisbane and Stamford Plaza Auckland recently received the
TripAdvisor Certificate of Excellence 2013 awards. Based on TripAdvisor traveller reviews,
these hotels are recognised for consistently providing guests with excellence in hospitality
and only 10% of accommodations listed on TripAdvisor receive this award each year. This is
the second year running that our four hotels have received this prestigious award.
The Sydney hospitality sector remained robust with strong demand for rooms. Riding on
this healthy trend and their excellent reputations, both Sir Stamford at Circular Quay and
Stamford Plaza Sydney Airport achieved higher revpar increases in the year under review.
Sir Stamford at Circular Quay’s revenue improved with room rate increases attained across
nearly all market segments.We expect this sterling hotel to continue doing well in FY 2013/14.
Chairman’s Message
The Stamford Residences,Auckland