KPower proposes 2.26 sen dividend payout


KUALA LUMPUR: Kumpulan Powernet Bhd (KPower) has proposed a first and final dividend payout of 2.26 sen a share for the year ended June 30, 2020 (FY20) for shareholders' approval at its forthcoming AGM.

The proposed entitlement and payment dates for the first and final dividend will be determined at a later date which will be announced accordingly, the company said in a filing with Bursa Malaysia today.

KPower made a net profit of RM12.78mil, or 16.14 sen a share in FY20.

The stock was last traded up 23 sen to close at RM3.30.

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