Published: Tuesday July 24, 2012 MYT 1:45:00 PM
MNRB recommends dividend of 17% per share
KUALA LUMPUR: MNRB Holdings Bhd is recommending the payment of a first and final dividend of 17% per share less income tax.
The reinsurer said at the midday break on Tuesday the dividend was for the financial year ended March 31, 2012. The payment would be decided later.
MNRB said the payment would also be subject to shareholders' approval at its forthcoming AGM.
In the fourth quarter ended March 31, 2012, its earnings rose 6.6% to RM41.75mil from RM39.16mil despite revenue declined 8% to RM333.26mil from RM362.41mil.
For FY ended March 31, 2012, its earnings were 24.8% lower at RM92.42mil from RM122.94mil. Revenue dipped 2.1% to RM1.432bil from RM1.463bil.