Daibochi revises dividend policy


  • Business
  • Tuesday, 14 May 2019

KUALA LUMPUR: Daibochi Bhd has revised its dividend policy to pay out annual dividend of not less than 30% of the group's normalised reported net profit attributable to shareholders for the financial year.

For the three months ended March 31, the company made a net profit of RM1.54mil on revenue of RM110.8mil.

"Daibochi believes in providing sustainable dividends to shareholders consistent with the company's earnings growth whilst maintaining an efficient capital structure and ensuring adequacy of funds for its continuous growth," it said in a filing with Bursa Malaysia today.

The company said it will maintain the dividend policy subject to ongoing assessment.

This includes the results of operations, the level of available cash, return on equity and retained earnings, as well as business prospects and new investment plans.

 

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