Dividends Print E-mail

On the balance sheet front, we continue to play the role of being good stewards 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 Expenditures (“Capex”) to be spent for only required 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 RM46.9 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 2.0 sen per share, totalling RM20.1 million in respect of the financial year ended 31 December 2021, declared on 24 February 2022 and paid on 24 March 2022;
  • a first 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 16 June 2022 and paid on 20 July 2022; and
  • a second 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 15 November 2022 and paid on 7 December 2022.

Overall, we ended year 2022 with a strong balance of cash and cash equivalents of RM201.5 million.

Dividend2022