Wednesday 24 Apr 2024
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KUALA LUMPUR (July 21): SKP Resources Bhd is planning a final single-tier dividend of 4.15 sen per share for its financial year ended March 31, 2017 (FY17).

This is up 18.6% from the 3.5 sen apiece it paid out for FY16.

It told Bursa Malaysia in a filing that the entitlement and payment date will be announced later.

SKP, an electrical and electronics plastics manufacturer, posted a 28% jump in its net profit for FY17, at RM104.51 million from RM81.55 million a year ago, as revenue grew 91% to RM1.94 billion from RM1.02 billion.

The improved results boost its earnings per share to 8.93 sen in FY17 from 7.47 sen in FY16.

SKP's share price closed unchanged at RM1.34 today, for a market capitalisation of RM1.68 billion.

 

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