MKH Annual Report 2017

The directors have pleasure in presenting their report to the members together with the audited financial statements of the Group and of the Company for the financial year ended 30 September 2017. PRINCIPAL ACTIVITIES The principal activities of the Company are investment holding and providing management services. The information on the name, place of incorporation, principal activities, and percentage of issued share capital held by the Company in each subsidiaries are as disclosed in Note 15 to the Financial Statements. RESULTS The Group The Company RM RM Profit for the financial year 124,843,258 47,406,398 Profit attributable to: Owners of the parent 128,206,980 47,406,398 Non-controlling interest (3,363,722) - 124,843,258 47,406,398 DIVIDEND Since the end of the previous financial year, a first interim single tier dividend of 7.0 sen per ordinary share in respect of financial year ended 30 September 2016 amounting to RM29,362,829 was declared on 25 November 2016 and paid on 30 December 2016 as reported in the directors’ report of that year. A first interim single tier dividend of 5.0 sen per ordinary share in respect of financial year ended 30 September 2017 amounting to RM29,284,585 was declared on 28 November 2017 and to be paid on 11 January 2018. The financial statements for the current financial year do not reflect the dividend. Such dividend will be accounted in equity as an appropriation of retained earnings in the financial year ending 30 September 2018. The directors do not recommend any final dividend payment in respect of the financial year ended 30 September 2017. directors’ report 74 MKH Berhad • Annual Report 2017