Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 67 The directors of FRONTKEN CORPORATION BERHAD have pleasure in submitting their report and the audited financial statements of the Group and of the Company for the financial year ended 31 December 2022. PRINCIPAL ACTIVITIES The principal activities of the Company are that of investment holding and provision of management services to its subsidiaries. The principal activities of the subsidiaries are disclosed in Note 13 to the financial statements. FINANCIAL RESULTS The Group The Company RM RM Profit after taxation for the financial year 135,167,541 15,236,383 Attributable to: Owners of the Company 123,291,868 15,236,383 Non-controlling interests 11,875,673 - 135,167,541 15,236,383 DIVIDENDS The dividends on ordinary shares paid or declared by the Company are as follows: RM In respect of the financial year ended 31 December 2021 - Second interim single-tier dividend of 2.5 sen per ordinary share on 1,570,951,425 ordinary shares, paid on 13 April 2022 39,273,785 In respect of the financial year ended 31 December 2022 - First interim single-tier dividend of 1.6 sen per ordinary share on 1,570,951,425 ordinary shares, paid on 20 September 2022 25,135,222 On 23 February 2023, the Company announced a second interim single-tier dividend of 2.6 sen per ordinary share in respect of the financial year ended 31 December 2022 subject to shareholders’ approval at the coming Annual General Meeting. The financial statements for the current financial year do not reflect this interim dividend. Such dividend will be accounted for in the shareholders’ equity as an appropriation of retained earnings in the financial year ending 31 December 2023. DIRECTORS’ REPORT
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