I previously mentioned (link) that Boustead Ltd will report excellent results for its full year FY2013. EPS for the 9 months of FY2013 at that time of writing was already matching the full 12 months of FY2012. I wasn't wrong. Since then, Boustead shares have gone higher and higher each day to a record high of 1.52.

I was also right in predicting that they will be giving a more generous dividends in view of their spectacular results - Final dividends 3 cents and Special dividends 2 cents, amounting a total of 5 cents/share. The spectacular results were driven mainly due to its Real Estate Solutions Division of design and build projects which has increased a massive 88% year on year. Energy related division is flat while Water & Waste division has dipped 38%. The Group's profits were also boosted by write-backs of previous year ...