Suria Capital Holdings Berhad and Group of Companies for the financial year 2022 recorded a robust performance by registering a profit after tax of RM59.1 million, an improvement of 49.6% or RM19.6 million higher than the RM39.5 million recorded in the previous year.
The Group recorded a total revenue of RM302.0 million in 2022, representing an increase of 20.2% or RM50.7 million compared to RM251.3 million registered in 2021.
The increase was mainly attributable to higher operating revenue from the Group’s core business in port operations and additional entitlement-in-kind from its property development venture with SBC Corporations Berhad. Group’s gross profit for 2022 stood at RM113.6 million, an increase of 44.9% compared to RM78.4 million recorded in 2021.
The Company had earlier declared an interim single-tier dividend of 1.5 sen per ordinary share amounting to RM5.2 million, which was paid on 13 January 2023.
The final single-tier dividend of 2.5 sen per ordinary share was tabled and approved by the shareholders at the Group’s 40th Annual General Meeting (AGM) thus bringing the total dividend payment in respect of the financial year ended 31 December 2022 to RM13.8 million, which is equivalent to 4.0 sen net per ordinary share.
The extended concession period for Sabah Ports until 2064 will enable the Group to continue its port expansion and upgrading programme to serve the economy while the proposed collaboration with DPW will fast-track the transshipment hub initiative and generate further value-adding propositions that DPW will bring to Sabah Ports and the State in general.
