Magni-Tech declares higher dividend for Q2

Magni-Tech has declared a single-tier interim dividend of two sen per ordinary share in its second quarter compared with 1.8 sen per ordinary share in the previous corresponding period.

PETALING JAYA: Magni-Tech Industries Bhd, which reported lower year-on-year earnings for its second quarter ended Oct 31, 2021, still declared a higher rate of dividends for the period.

In a filing with Bursa Malaysia, the company announced that its net profit for the second quarter ended Oct 31, 2021 dropped to RM17.08mil compared with RM20.84mil in the previous corresponding period