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Cash, share dividends in store for Sunway shareholders

KUALA LUMPUR (Aug 28): Sunway Bhd achieved a 24% growth in net profit to RM246.49 million for the second quarter ended June 30, 2019 against RM199.46 million for the previous corresponding quarter.

The group announced yesterday an interim cash dividend of three sen per share, along with a share dividend distribution of one treasury share for every 100 ordinary shares held.

Its quarterly revenue fell 15% to RM1.08 billion from RM1.26 billion a year earlier, which was attributed to lower contributions from most business segments except property development and healthcare.

For the first half of the financial year, net profit increased 20% to RM382.9 million from RM319.35 million for the same period last year, while revenue fell 13% to RM2.2 billion from RM2.54 billion.

Going forward, the group said it will continue with its prudent business strategy, adding that it is poised to capitalise on any opportunities that may arise.

“Barring any unforeseen circumstances, the group will continue to perform well for the second half of this year,” said the group.

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