Sasbadi Annual Report 2017

58 SASBADI HOLDINGS BERHAD (1022660-T) I BER AD (10 2 60-T) DIRECTORS’ REPORT FOR THE YEAR ENDED 31 AUGUST 2017 The Directors have pleasure in submitting their report and the audited financial statements of the Group and of the Company for the financial year ended 31 August 2017. Principal activities The Company is principally engaged in investment holding activities whilst the principal activities of its subsidiaries are as stated in Note 6 to the financial statements. There has been no significant change in the nature of these activities during the financial year. Subsidiaries The detail s of the Company’s subsidiaries are disclosed in Note 6 to the financial statements. Results Group Company RM’000 RM’000 Net profit/(loss) for the year attributable to: Owners of the Company Non-controlling interests 8,044 (48) 2,563 - 7,996 2,563 Reserves and provisions There were no material transfers to or from reserves and provisions during the financial year under review except as disclosed in the financial statements. Dividends Since the end of the previous financial year, the Company paid: i) a final dividend of 1.25 sen per ordinary share totalling RM3,492,000 in respect of the financial year ended 31 August 2016 on 22 February 2017; and ii) an interim dividend of 1.00 sen totalling RM2,794,000 in respect of the financial year ended 31 August 2017 on 31 May 2017. The Directors do not recommend any final dividend to be paid in respect of the financial year under review.