Unitrade Industries Berhad has proposed its first and final single-tier dividend of 0.82 sen per ordinary share as a reward to its shareholders as a post-listing dividend.
Managing Director of Unitrade, Nomis Sim Siang Leng said, “It has been more than a month since we got listed on Bursa Malaysia Securities Berhad and we are grateful to our shareholders for their support. As such, the Board has decided to propose a first and final dividend of 0.82 sen per share to reward our shareholders. This translates into a dividend payout of 30% or RM12.8 million in absolute value, which is aligned with our dividend policy to distribute up to 30% of our profit after tax and minority interest.”
“Looking ahead, we remain cautiously upbeat on the building materials industry as the Government has just given reassurance that mega projects such as the Mass Rapid Transit Line 3 (“MRT3”), East Coast Rail Link (“ECRL”), and Pan Borneo Highway will proceed as planned. At the same time, we are also cognizant of the macroeconomic headwinds the country faces.
Notwithstanding the challenging operating environment, Unitrade and its team are working very hard to sustain the growth momentum and deliver another good set of results in the coming financial year.
