Frontken Corporation Berhad 200401012517 (651020-T) • A N N U A L R E P O R T 2 0 2 1 64 DIRECTORS’ REPORT The directors of FRONTKEN CORPORATION BERHAD 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 2021. PRINCIPAL ACTIVITIES The principal activities of the Company are that of investment holding and provision of management services to its subsidiaries. The principal activities of the subsidiaries are disclosed in Note 13 to the financial statements. FINANCIAL RESULTS The Group The Company RM RM Profit after taxation for the financial year 114,221,907 82,870,156 Attributable to:- Owners of the Company 104,503,927 82,870,156 Non-controlling interests 9,717,980 - 114,221,907 82,870,156 DIVIDENDS The dividends on ordinary shares paid or declared by the Company are as follows:- RM In respect of the financial year ended 31 December 2020 - Second interim single-tier dividend of 2.8 sen per ordinary share on 1,047,968,530 ordinary shares, paid on 8 April 2021 29,343,118 In respect of the financial year ended 31 December 2021 - First interim single-tier dividend of 1.5 sen per ordinary share on 1,570,951,425 ordinary shares, paid on 17 September 2021 23,564,271 On 25 February 2022, the Company declared and approved a second interim single-tier dividend of 2.5 sen per ordinary share on 1,570,951,425 ordinary shares, payable on 13 April 2022, in respect of the financial year ended 31 December 2021 amounting to RM39,273,785. The financial statements for the current financial year do not reflect this interim dividend. Such dividend will be accounted for in the shareholders’ equity as an appropriation of retained earnings in the financial year ending 31 December 2022.
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