Serba Dinamik Annual Report 2019

205 DIRECTORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2019 The Directors have pleasure in submitting their report and the audited financial statements of the Group and of the Company for the year ended 31 December 2019. PRINCIPAL ACTIVITIES The Company is principally engaged in investment holding and provision of management services. There has been no significant change in the nature of these activities during the year. SUBSIDIARIES The details of the Company’s subsidiaries are disclosed in Note 5 to the financial statements. RESULTS Group Company RM’000 RM’000 Profit for the year attributable to: Owners of the Company 496,640 140,224 Non-controlling interests 1,343 - 497,983 140,224 ======== ======== RESERVES AND PROVISIONS There were no material transfers to or from reserves and provisions during the year under review, except for those disclosed in the financial statements. DIVIDENDS Since the end of the previous financial year, the amount of dividends paid by the Company as reported in the Directors’ Report in respect of the financial year ended 31 December 2019: (i) A fourth interim of 2.30 sen per ordinary share totalling RM33,775,500 in respect of financial year ended 31 December 2018 paid on 28 March 2019; (ii) A first interim of 2.30 sen per ordinary share totalling RM33,775,500 declared on 29 May 2019 and paid on 28 June 2019; (iii) A second interimof 2.70 sen per ordinary share totalling RM39,649,500 declared on 22August 2019 and paid on 30 September 2019; (iv) A third interim of 1.11 sen per ordinary share totalling RM34,230,735 declared on 25 November 2019 and paid on 30 December 2019. On 26 February 2020, the Board of Directors declared a fourth interimdividend of 1.40 sen per ordinary share totalling RM43,047,646 in respect of the financial year ended 31 December 2019. The dividend will be recognised in subsequent financial year. The Directors do not recommend any final dividend to be paid for the year under review. F I N A N C I A L S TAT E M E N T