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 2022. Principal activities The Company is principally engaged in investment holding activities whilst the principal activities of the subsidiaries are as stated in Note 7 to the financial statements. There has been no significant change in the nature of these activities during the financial year. Subsidiaries The details of the Company’s subsidiaries are disclosed in Note 7 to the financial statements. Results Group Company RM’000 RM’000 Profit for the year attributable to: Owners of the Company 1,406,770 501,028 Non-controlling interests 359,771 - 1,766,541 501,028 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 amount of dividends paid by the Company were as follows: i) In respect of the financial year ended 31 December 2021 as reported in the Directors’ Report of that year, a fourth interim ordinary dividend of 1.00 sen per ordinary share totalling RM80,762,000 declared on 25 February 2022 and paid on 31 March 2022. ii) In respect of the financial year ended 31 December 2022: • a first interim ordinary dividend of 1.50 sen per ordinary share totalling RM123,594,000 declared on 30 May 2022 and paid on 27 June 2022. • a second interim ordinary dividend of 1.75 sen per ordinary share totalling RM144,193,000 declared on 25 August 2022 and paid on 29 September 2022. • a third interim ordinary dividend of 1.75 sen per ordinary share totalling RM144,193,000 declared on 29 November 2022 and paid on 30 December 2022. Subsequent to the end of the current financial year, the Directors declared a fourth interim ordinary dividend of 1.75 sen per ordinary share totalling RM144,193,000 on 24 February 2023 in respect of the financial year ended 31 December 2022, which was paid on 31 March 2023. The Directors do not recommend any final dividend to be paid for the financial year under review. DIRECTORS' REPORT For the year ended 31 December 2022 DIRECTORS’ REPORT ANNUAL REPORT 2022 196
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