Chemical Company of Malaysia Berhad Annual Report 2018

Directors’ Report FOR THE YEAR ENDED 31 DECEMBER 2018 Amounts in RM’000 unless otherwise stated TheDirectorsofChemicalCompanyofMalaysiaBerhadhavepleasure insubmitting theirreport and theaudited financialstatements of the Group and of the Company for the financial year ended 31 December 2018. This report and the financial statements will be presented to the shareholders at the Annual General Meeting to be held on 28 May 2019. PRINCIPAL ACTIVITIES Chemical Company of Malaysia Berhad is an investment holding and management company with subsidiaries engaged in the manufacturing and marketing of chemicals and polymers products and services as stated in Note 6 to the financial statements. ULTIMATE HOLDING COMPANY The Company is a subsidiary of Permodalan Nasional Berhad (“PNB”), of which is incorporated in Malaysia and regarded by the Directors as the Company’s ultimate holding company, during the financial year and until the date of this report. RESULTS Group Company Profit attributable to:  Owners of the Company 25,695 2,981  Non-controlling interests 5,049 – 30,744 2,981 RESERVES AND PROVISIONS There were no material transfers to or from reserves and provisions during the financial year under review except as disclosed in the financial statements. DIVIDENDS Since the end of the previous financial year, the Company paid a first interim ordinary dividend of 3.00 sen per ordinary share totalling RM5,030,879 in respect of the financial year ended 31 December 2018 on 29 June 2018. The Company paid a second interim ordinary dividend of 4.00 sen per ordinary share totalling RM6,707,839 in respect of the financial year ended 31 December 2018 on 31 January 2019. The Directors recommend to pay final ordinary dividend of 2.00 sen per ordinary share totalling RM3,353,920 in respect of the financial year ended 31 December 2018 on 14 June 2019. 96 ANNUAL REPORT 2018