Asia Media Annual Report 2017

ASIA MEDIA GROUP BERHAD Annual Report 2017 45 DIRECTORS’ REPORT The Directors hereby present their report together with the audited financial statements of the Group and of the Company for the financial year ended 31 December 2017. Principal Activities The principal activity of the Company is investment holding. The principal activities of its subsidiary companies are disclosed in Note 7 to the financial statements. Financial Results Group Company RM RM Net profit for the financial year: Profit after tax from continuing operations 3,010,557 1,740,398 Loss after tax from discontinued operations (786,383) - 2,224,174 1,740,398 Attributable to: Owners of the Parent 2,280,917 1,740,398 Non-controlling interests (56,743) - 2,224,174 1,740,398 Reserves and Provisions There were no material transfers to or from reserves or provisions during the financial year other than as disclosed in the financial statements. Dividends There were no dividends proposed, declared or paid by the Company since the end of the previous financial year. The Directors do not recommend any dividend in respect of the current financial year. DIRECTORS’ REPORT