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 December 2023. PRINCIPAL ACTIVITIES The principal activities of the Company are those of investment holding, developing and selling in-house software programmes, sale and rental of Electronic Data Capture (“EDC”) equipment and its related software and services, inclusive of installation, training and maintenance. The principal activities of the subsidiaries are mainly sale and rental of EDC equipment, and provide transaction services with emphasis on payment and transaction processing, solution services and money lending services. Other information relating to respective subsidiaries are disclosed in Note 16 to the financial statements. There have been no significant changes in the nature of these activities during the financial year. RESULTS Group Company RM RM Profit for the financial year 28,819,602 22,977,518 Profit attributable to: Owners of the parent 28,807,679 22,977,518 Non-controlling interest 11,923 - 28,819,602 22,977,518 DIVIDENDS No dividend has been paid, declared or proposed since the end of the previous financial year other than the following: On 27 March 2024, the Board of Directors has approved and declared a final single-tier dividend of 2 sen per ordinary share amounting to RM22,829,996 in respect of the financial year ended 31 December 2023. The dividend will be accounted for in shareholders’ equity as an appropriation of profits in the financial year ending 31 December 2024. The Directors do not recommend the payment of any other dividend in respect of the current financial year. RESERVES AND PROVISIONS There were no material transfers to or from reserves or provisions during the financial year other than those presented in the statements of changes in equity. DIRECTORS’ REPORT 69 ANNUAL REPORT 2023
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