Tropicana Corporation Berhad Annual Report 2018

ANNUAL REPORT 2018 97 WHAT WE’VE GOVERNED FINANCIAL STATEMENTS OTHER INFORMATION DIRECTORS’ REPORT DIRECTORS’ REPORT The directors have pleasure in presenting their report together with the audited financial statements of the Group and of the Company for the financial year ended 31 December 2018. PRINCIPAL ACTIVITIES The principal activities of the Company are investment holding and provision of management services. The principal activities of the subsidiaries, associate and joint ventures are disclosed in Notes 18, 19 and 20 to the financial statements respectively. There have been no significant changes in the nature of these principal activities during the financial year. RESULTS Group RM’000 Company RM’000 Profit/(loss) net of tax for the financial year 179,831 (16,087) Profit/(loss) attributable to: Owners of the parent 170,029 (16,087) Non-controlling interests 9,802 - 179,831 (16,087) There were nomaterial transfers to or from reserves or provisions during the financial year other than those disclosed in the financial statements. DIVIDEND The amount of dividend paid by the Company since 31 December 2017 was as follows: RM’000 In respect of the financial year ended 31 December 2018: First interim single-tier dividend of 1.6 sen per ordinary share declared on 22 January 2018 and paid on 22 February 2018 23,420 The directors do not recommend a final dividend in respect of the financial year ended 31 December 2018. On 15 January 2019, the Board of Directors declared a first interim single-tier dividend of 2.78 sen per ordinary share in respect of the financial year ending 31 December 2019. The dividend was paid on 20 February 2019 to the shareholders and will be accounted for as distributions to owners in the financial year ending 31 December 2019.