Dagang NeXchange Berhad Annual Report 2018

The Directors have pleasure in submitting their report and the audited financial statements of the Group and of the Company for the financial year ended 31 December 2018. PRINCIPAL ACTIVITIES The Company is principally engaged in investment holding whilst the principal activities of the subsidiaries are as stated in Note 6 to the financial statements. There have been no significant changes in the nature of these activities during the financial year. SUBSIDIARIES The details of the Company’s subsidiaries are disclosed in Note 6 to the financial statements. RESULTS Group Company RM’000 RM’000 Profit for the year attributable to: Owners of the Company 35,345 19,028 Non-controlling interests 16,547 - 51,892 19,028 RESERVES AND PROVISIONS All material transfers to or from reserves and provisions during the financial year under review are disclosed in the financial statements. DIVIDENDS No dividend was paid during the financial year. A final dividend of 0.5 sen per ordinary share totalling RM8,790,177 was recommended by the Directors in respect of the financial year ended 31 December 2018 will be proposed for shareholders’ approval at the forthcoming Annual General Meeting. The financial statements for the current financial year do not reflect this proposed dividend. Such dividend, if approved by the shareholders, will be accounted for as a liability in the financial year ending 31 December 2019. 92 Dagang NeXchange Berhad Annual Report 2018 DIRECTORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2018