Tropicana Corporation Berhad Annual Report 2019

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 2019. 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 Company RM’000 RM’000 Profit/(loss) net of tax for the financial year 339,335 (58,818) Profit/(loss) attributable to: Owners of the parent 320,759 (63,479) Holders of perpetual bond 4,661 4,661 Non-controlling interests 13,915 – 339,335 (58,818) There were no material transfers to or from reserves or provisions during the financial year other than those disclosed in the financial statements. DIVIDENDS The amount of dividends paid by the Company since 31 December 2018 were as follows: RM’000 In respect of the financial year ended 31 December 2019: First interim single-tier dividend of 2.78 sen per ordinary share declared on 15 January 2019 and paid on 20 February 2019 39,963 Second interim single-tier share dividend paid by way of distribution of treasury shares on the basis of 3 treasury shares for every 100 existing ordinary shares held in the Company. The share dividend was declared on 3 September 2019 and 42,787,501 ordinary shares were credited into entitled depositors’ securities accounts on 4 October 2019 38,171 The directors do not recommend a final dividend in respect of the financial year ended 31 December 2019. pg 105 Tropicana Corporation Berhad Annual Report 2019 Sustainability at Tropicana What We’ve Governed Financial Statements & Other Information