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Servcorp signals business review, reaffirms FY'18 guidance

Directors of Servcorp Ltd. are assessing various options for the company in an attempt to enhance shareholder value.

In its interim results announcement, the Australian property operator and manager said among the options being considered are widening operations to other markets, accessing external capital sources for global expansion, possibly separating geographies, and capitalizing on the inherent value of the company's footprint and technology platform.

Meanwhile, the Sydney-based company also reaffirmed its guidance for fiscal year 2018, maintaining expectations that its net profit before tax during the reporting period will fall between A$45.0 million and A$55.0 million.

The company's dividend for the second half of the 2018 financial year is expected to amount to 13.00 Australian cents per share, which will bring the total per-share distribution for the full fiscal period to 26.00 cents, matching the dividend for fiscal-year 2017.