GHL System Berhad Annual Report 2018

a n n u a l r e p o r t 2 0 1 8 57 D I RECTORS ' rEPORT 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 principal activities of the Company are those of investment holding, developing and selling in-house software programmes, sale and rental of Electronic Data Capture (“EDC”) equipment and its related software and services, inclusive of installation, training and maintenance. The principal activities and the details of the subsidiaries are disclosed in Note 15 to the financial statements. There have been no significant changes in the nature of these activities during the financial year. RESULTS Group Company RM RM Profit for the financial year 24,583,663 11,912,904 Profit attributable to: Owners of the parent 24,542,974 11,912,904 Non-controlling interests 40,689 - 24,583,663 11,912,904 DIVIDENDS No dividend has been proposed, declared or paid by the Company during the financial year. The Directors do not recommend the payment of any dividend in respect of the financial year ended 31 December 2018. RESERVES AND PROVISIONS There were no material transfers to or from reserves or provisions during the financial year other than those disclosed in the financial statements. DIRECTORS The Directors of the Company who have held office since the date of the last report are: GHL Systems Berhad Loh Wee Hian Datuk Kamaruddin Bin Taib Ali Zaynalabidin Haeri Mazanderani Hossameldin Abdelhamid Mohamed Aboumoussa Dato’ Chan Choy Lin (appointed on 25 June 2018) Matteo Stefanel (appointed on 22 November 2018) Fong Seow Kee (resigned on 31 July 2018)