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NewsFitters announces 30 pct dividend policy
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Fitters announces 30 pct dividend policy
by Cals Tue 25 Feb 2014, 01:45
| Fitters announces 30 pct dividend policy |
| Business & Markets 2014 |
| Written by Bernama |
| Monday, 24 February 2014 20:09 |
KUALA LUMPUR (Feb 24): Fitters Diversified Bhd, a leading player in the fire-fighting industry, today formalised a dividend policy pay-out of at least 30 per cent from the group's net profit, to shareholders, effective Dec 31, 2014.
It said that the establishment of the dividend policy was to enhance the group's investment proposition, as it needed to focus on growing the institutional shareholders base, in tandem with the business.
For the full financial year ended Dec 31, 2013, the group posted a total net profit of RM42.3 million, marking a 51.6 per cent jump, from RM27.9 million recorded previously.
Revenue grew 14.8 per cent to RM471.88 million, with pre-tax profit increasing 52.2 per cent to RM57.98 million.
"We are pleased with the progress of all our business segments throughout 2013, and moving forward into 2014, we have identified several growth strategies to take us to the next level.
"We will also continue to position our fire services business as a leading player in the country," said Managing Director Datuk Richard Wong, in a statement.
Fitters also declared an interim dividend of 2.0 sen per share, for 2013.
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