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Unitrade Declares Dividend Of 0.44 Sen For Shareholders, Boosting Investor Returns

KUALA LUMPUR: Unitrade Industries Bhd (UIB) has declared a first interim single-tier dividend of 0.44 sen per share for the financial year ending March 31, 2024 (FY24).

Unitrade Industries Bhd managing director Nomis Sim Siang Leng said the dividend reflects the company’s commitment to shareholder value creation and serves as a token of appreciation for their continued confidence in UIB.

This translates to a dividend payout of RM6.9 million.

Managing director Nomis Sim Siang Leng said the dividend declared reflects the company’s commitment to shareholder value creation and serves as a token of appreciation for their continued confidence in UIB.

“It also aligns with our dividend policy to distribute up to 30 per cent of our net profit while prioritising a balanced approach that ensures both shareholder rewards and sufficient capital for future growth initiatives,” he said in a statement.

UIB reported an 11.2 per cent year-on-year (YoY) revenue growth of RM1.14 billion, driven by the wholesale and distribution segment. Net profit for the period stood at RM23.1 million.

UIB maintains a consistent record of rewarding shareholders.

The company distributed dividends of 0.82 sen per share and 0.30 sen per share for FY22 and FY23, respectively, a 30 per cent dividend payout for both financial years.

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