Dividends Print E-mail

On the balance sheet front, we continue to play the role of being a good steward of the cash position and dividend policy of the company. In this uncertain and challenging business environment, we have been very careful and selective on the Capital Expenditure (“Capex”) to be spent limiting only to the necessary technological upgrades and investments with reasonable Return On Investment (“ROI”) and minimal risks of being near term obsolete, whilst maximizing the use of our excess equipment from strategic load management. 

With this, we also continue to be very generous to shareholders with handsome dividend payouts of RM23.4 million during the year as follows:

  • A third interim single tier ordinary dividend of 1.0 sen per share and a single tier special dividend of 1.0 sen per share, totalling RM13.4 million in respect of the financial year ended 31 December 2022, declared on 23 February 2023 and paid on 23 March 2023.
  • A first interim single tier ordinary dividend of 1.0 sen per share, totalling RM6.7 million in respect of the financial year ended 31 December 2023, declared on on 16 June 2023 and paid on 20 July 2023.
  • A second interim single tier ordinary dividend of 0.5 sen per share, totalling RM3.3 million in respect of the financial year ended 31 December 2023, declared on declared on 20 November 2023 and paid on 5 December 2023.

Overall, we ended FY2023 with a strong balance of cash and cash equivalents of RM210.1 million.

CashPositionAndDividends