MKH Annual Report 2019

018 A N N U A L R E P O R T 2 0 1 9 CHAIRMAN’S STATEMENT Harvesting a ripe bunch with a sickle. Our Building Materials Trading Division has also established its own ironmongeries trademarked “EGON” to fit the aesthetically needs of modern residential and commercial projects that can enhance the prestige of the property. At our Hotel and Property Investment Division, I am pleased to note that our shopping complexes namelyPlazaMetroKajangandMetroPoint Complex maintained a relatively good tenants’ occupancy rate of approximately 93% for the reporting year. During the financial year, the Group have contributed approximately RM786,770 in community engagement that benefitted 113 educational institutions, community clubs and charitable organisations. In our continuous quest in driving growth and enhancing the sustainability of our business operations, we are humbled to be consecutively recognised by The Edge Malaysia as the Top 12th Developer in Malaysia at The Edge Malaysia’s Property Excellence Award 2019. MKH’s sustainability progress is further detailed in the section on “Sustainability Report” within this report, from page 30 to page 41. During the financial year, the Company repurchased 3,475,000 of ordinary shares, representing 0.59% of the total number of shares, at an average price of RM1.20 per share, amounting to approximately RM4.2 million including transaction costs. The exercise was financed by internally generated funds. For FY2019, a first interim dividend of 4 sen per ordinary share amounting to approximately RM23.16 million was declared on 27 November 2019 and paid on 3 January 2020. This represents a distribution of approximately 28.1%of theGroup’s net profit attributable to shareholders.