MAGNI

2.220

(%)

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