Yinson Annual Report 2019

Chairman’s Statement Financial performance Revenue growth was mainly due to the full year revenue contribution from FPSO JAK as opposed to approximately only eight months’ contribution in the previous year. Meanwhile, registered Profit After Tax is RM264.4 million. We foresee the months ahead to be exciting for Yinson as we await the outcome of bids in which we have participated in and as we continue to explore potential plans for expansion in accordance with our growth strategy. At the end of FYE 2019, we sat on a cash and bank balances of RM1.2 billion, we are ready both in the form of financial and human resources to embark on new projects. To reward our shareholders for their continuing support, the Group distributed RM108.5 million in dividends in FYE 2019, representing 4 sen per ordinary share and 6 sen per ordinary share dividend declared for FYE 2019 and FYE 2018 respectively. Furthermore, the Group has recommended a final dividend of 2 sen per ordinary share amounting to approximately RM21.6 million for FYE 2019, to be tabled to shareholders for approval at Yinson’s forthcoming 26 th Annual General Meeting. The declared and proposed dividends are a testament to Yinson’s strong financial position and our commitment to continue rewarding our shareholders while balancing growth opportunities and dividends. For FYE 2019, the Group’s revenue amounted to RM1,034.9 million, an impressive 13.7% year-on-year growth, despite volatile global oil prices during the year in review. Yinson Holdings Berhad ANNUAL REPORT 2019 6