HSS Engineers Bhd has announced a final single-tier dividend of 1.21 sen per share in respect of the financial year ended Dec 31, 2023 (FY23), a significant increase from the previous year’s dividend of 0.92 sen per share.
In a statement, the engineering and project management consultant said the dividend payout is estimated at RM6.2mil or 30% of FY2023 net profit, in line with its dividend policy targeted at 30% of annual net profit.
The proposed dividend, subject to approval by shareholders at the group’s annual general meeting on June 6, is set to be paid out to shareholders on June 26, with an ex-date on June 10.
Executive vice chairman Tan Sri Ir. Kuna Sittampalam (pic) stated that the group is pleased to offer dividends to its valued shareholders, acknowledging their long-standing commitment to HSS.
“With a robust order book totalling RM1.5bil as at Dec 31, 2023, encompassing projects spanning across renewable energy, data centres, roads, highways, railways, and water, we are poised for continued success.
“Additionally, our outlook is buoyed by the swift progress of mega infrastructure initiatives in Malaysia, propelled by the Government’s endorsement of key projects such as Phase 1B of the Pan-Borneo Highway in Sabah and the Penang Light Rail Transit. These endeavours underscore the significant opportunities ahead.”
