Tebrau mulls future dividend policy

Business & Markets 2013
Written by Ho Wah Foon of theedgemalaysia.com
Monday, 27 May 2013 17:32
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KUALA LUMPUR (May 27):TEBRAU TEGUH BHD [] is considering a
future dividend policy after stopping payment last year, its chairman
Datuk Ayub bin Mion said.
“The company has not declared any dividend in 2012 but will deliberate
on a dividend policy for future payments,” Ayub said in his chairman’s
statement in Tebrau's 2012 annual report released today.
On the outlook of Tebrau, he said as it is a unit of Iskandar Waterfront
Holdings Sdn Bhd (IWH), which has the largest waterfront development
in the fast-developing Iskandar Malaysia, it will benefit from this
relationship.
He said Tebrau’s CONSTRUCTION [] division will remain buoyant for the
next couple of years.
He added the “Botanica” apartment project, which was shelved in 2012,
will be re-launched in the current year.
For 2012, Tebrau saw its revenue improve 60% from RM113 million in
2011 to RM181 million. Profit before tax stood at RM16.1 million against
RM2.66 million in the previous year.