KUALA LUMPUR (March 15): Able Global Bhd announced its single tier fourth interim dividend of one sen per share for its financial year ended Dec 31, 2022 (FY2022), to be paid on April 10.

Its ex-date is on March 29 and the entitlement date is on March 30, said the group in its filing.

This brings total dividend per share to four sen for FY2022.

Able’s net profit increased by 11.6% to RM8.08 million in its fourth quarter ended Dec 31, 2022 (4QFY2022) from RM7.24 million in the same quarter a year earlier (4QFY2021).

Quarterly revenue, however, fell by 13.3% to RM128.06 million from RM147.68 million due to lower contributions from the food and beverage (F&B) segment as sales demand decreased.

For FY2022, Able’s net profit fell 10.19% year-on-year to RM33.15 million from RM36.91 million, on the back of 10% higher revenue of RM550.02 million from RM499.86 million, partly due to higher contribution from the F&B segment offset by lower contributions from its tin cans manufacturing segment.

Its share price closed one sen or 0.77% higher at RM1.31 on Wednesday (March 15), giving it a market capitalisation of RM406.7 million.