FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2024 51 DIRECTORS’ REPORT The directors of FRONTKEN CORPORATION BERHAD have pleasure in submitting their report and the audited nancial statements of the Group and of the Company for the nancial year ended 31 December 2024. 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 nancial statements. FINANCIAL RESULTS The Group The Company RM RM Pro t after taxation for the nancial year 151,081,468 38,685,531 Attributable to: Owners of the Company 136,806,319 38,685,531 Non-controlling interests 14,275,149 - 151,081,468 38,685,531 DIVIDENDS The dividends on ordinary shares paid or declared by the Company are as follows: RM In respect of the nancial year ended 31 December 2023 - First interim single-tier dividend of 2.2 sen per ordinary share on 1,572,906,425 ordinary shares, paid on 13 May 2024 34,603,940 In respect of the nancial year ended 31 December 2024 - First interim single-tier dividend of 1.7 sen per ordinary share on 1,582,147,875 ordinary shares, paid on 30 September 2024 26,896,513 On 25 February 2025, the Company announced a second interim single-tier dividend of 2.0 sen per ordinary share in respect of the nancial year ended 31 December 2024, payable on 21 April 2025, to shareholders whose names appeared in the record of depositors on 27 March 2025. The nancial statements for the current nancial year do not re ect this interim dividend. Such dividend will be accounted for in the shareholders’ equity as an appropriation of retained earnings in the nancial year ending 31 December 2025. RESERVES AND PROVISIONS There were no material transfers to or from reserves or provisions during the nancial year other than those disclosed in the nancial statements.
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