OTHERS Magni-Tech Industries Berhad ("Magni" or " the Company") Reason for Variation On The Rate of Dividend Declared Compared to Corresponding Period in Previous Financial Year
MAGNI-TECH INDUSTRIES BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | Magni-Tech Industries Berhad ("Magni" or " the Company") Reason for Variation On The Rate of Dividend Declared Compared to Corresponding Period in Previous Financial Year |
The Board of Directors of Magni is pleased to declare a Single Tier 2nd Interim Dividend of 2.5 Sen per share in respect of the current quarter of financial year ending 30 April 2020 (“Q2-FYR 2020”) [Q2-FYR 2019: 1.875 Sen (restated due to subdivision of shares and bonus issue) per ordinary share.]
The rate of the declared interim dividend for Q2-FYR 2020 is higher by 0.625 Sen per ordinary share versus the rate paid for Q2-FYR 2019 mainly due to the encouraging financial performance and cash flow position of the Group.
This announcement is dated 10 December 2019. |
Announcement Info
Company Name | MAGNI-TECH INDUSTRIES BERHAD |
Stock Name | MAGNI |
Date Announced | 10 Dec 2019 |
Category | General Announcement for PLC |
Reference Number | GA1-10122019-00061 |