PNB distributes RM14.6b in dividends and bonus for FY17

In a message on PNB

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) distributed dividends and bonus amounting to RM14.6bil for FY17, bringing the cumulative dividends paid out since its inception to RM172.1bil, says its chairman Tan Sri Abdul Wahid Omar.

Wahid said on Thursday the strong performance of PNB was underpinned by the strong recovery in the FBM KLCI while it was also able to leverage on this and build on its solid fundamentals.

“The Malaysian economy grew at a steady pace of 5.9% in 2017. The FBM KLCI rose by 9.4% after three years of negative price returns.

“By leveraging on this and building on its solid fundamentals, we are pleased that PNB and its unit trust funds (PNB Group) were able to record proforma consoldated net income of RM17.7bil, a significant increase of 16.4% compared to RM15.2bil in FY2016,” he said during the public release of its annual report for FY17.

Wahid Omar said PNB had been able to deliver its commitment towards greater transparency and public disclosure with the public release of the annual report for FY2017.

PNB's progress and achievements for FY2017 were presented in its inaugural publicly-released annual report. The report also commemorates its 40th anniversary highlighting the many milestones in PNB's journey to become the largest fund manager in Malaysia today.

PNB declared income distribution of 6.75 sen per unit for Amanah Saham Bumiputera (ASB 2) and 6.25 sen per unit for Amanah Saham Malaysia (ASM) for the financial year ended March 31, 2018. 

The payout for ASB 2 would total RM562.9mil and RM1.1bil for ASM.

PNB also declared income distribution of all three funds under the Amanah Saham Gemilang –  4.8 sen for AGS-Pendidikan, 5.2 sen for ASG-Kesihatan and 5.15 sen for ASG-Persaraan. 

The total income distributions for these three funds amounted to RM211.6mil.

PNB also said the total assets under management grew by 4.8% to RM792.bil in FY17 from RM266.4bil.

The profoma consolidated net income of PNB and its unit trust funds (PNB Group) increased by 16.4% to RM17.7bil, underpinned by steady domestic growth and a strong recovery in the FBM KLCI.