LOOKING AHEAD
We anticipate that FY2016 will be a
challenging one with a slowing economy
impacted by regional headwinds from
China, fall in oil prices and financial
markets volatility
2
. Nevertheless, with a
clear direction forward and an adherence
to sound strategies, we are confident of
being able to weather the difficulties.
APPRECIATION TO ALL
We would like to thank our management
and staff for their dedication and hard
work, our business associates and
customers for their loyalty and our
shareholders for their support. Lastly but
importantly, we would like to acknowledge
the guidance and counsel of our Board of
Directors.
Given the strength of our financial
performance in FY2015, the Board is
pleased to recommend a final dividend
of 1.6 cents per ordinary share (one-tier
tax exempt). This represents a dividend
yield of 6.27% based on the share price of
25.5 cents on 31 December 2015. With
this dividend payout, a total of S$112.9
million or 76% of earnings since our listing
on the Stock Exchange of Singapore have
been declared for every financial period,
without exception. We will endeavor to
continue to bring value to the Group and
our shareholders.
Bertie Cheng
Vincent Lim
Chairman
President
1
Techradar, “10 Ways the Internet of Things
could change the World in 2016.” http://
-
ways-the-internet-of-things-could-change-
the-world-in-2016-1310631
2
Ministry of Trade and Industry, “MTI maintains
2016 Growth Forecast at 1.0 to 3.0 Per Cent”.
07
TELECHOICE INTERNATIONAL LIMITED
2015 ANNUAL REPORT
LETTER TO SHAREHOLDERS
