Taiwanese real estate firm JSL Construction & Development announced record-breaking financial results Tuesday, with 2024 revenue reaching NT$11.2 billion (US$350 million) and net profit hitting NT$1.9 billion (US$59 million). The company’s board approved an unprecedented dividend package totaling nearly NT$5 per share.
The aggressive dividend strategy includes a NT$0.4 cash dividend from earnings, NT$0.6 cash payment from capital reserves, plus a stock dividend totaling almost NT$4 per share. This comes despite a slight dip in earnings per share to NT$3.7 from previous levels.
Chairman Chu Wen-yu revealed plans to dramatically increase JSL’s capital base to approximately NT$10 billion, citing the firm’s rapid transformation from a traditional sales agency to a full-scale property developer. “With our abundant land reserves, we aim to earn our entire share capital value annually,” he stated.
The company expects to launch projects worth NT$230.7 billion (US$7.2 billion) in 2025, bolstered by initial completions from its flagship “Hsinchu Dibao” development. Vice Chairman Chang Ching-tsai projects handover revenue recognition reaching NT$14.7 billion this year, with annual completions exceeding NT$100 billion through 2029.
While JSL embraces ambitious expansion amid Taiwan’s surging property values, analysts remain cautious about potential market corrections as the central bank implements targeted cooling measures.
