DIRECTORS’ REPORT 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 August 2023. PRINCIPAL ACTIVITIES The Company is principally engaged in investment holding activities whilst the Group’s subsidiaries are principally involved in the publishing and distribution of printed and digital education materials and related activities. The details of the Group’s subsidiaries are set out in Note 8 to the financial statements. There has been no significant change in the nature of these activities during the financial year. RESULTS Group Company RM’000 RM’000 Profit for the financial year attributable to owners of the Company 10,168 621 DIVIDENDS On 18 April 2023, the Board of Directors declared and approved the payment of an interim single tier dividend of RM0.005 per ordinary share in respect of the financial year ended 31 August 2023. The interim dividend was paid on 30 May 2023 to shareholders registered in the Record of Depositors as at 16 May 2023 which amounts to RM2,154,217.62. On 30 October 2023, the Board of Directors declared and approved the payment of a second interim single-tier dividend of RM0.0025 per ordinary share in respect of the financial year ended 31 August 2023. This second interim dividend is to be paid on 3 January 2024 to shareholders registered in the Record of Depositors as at 15 December 2023. The dividend will be accounted for as an appropriation of retained earnings in the financial year ending 31 August 2024. 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. ISSUE OF SHARES AND DEBENTURES During the financial year, the issued and fully paid-up ordinary shares of the Company was increased from 424,584,500 to 433,354,500 by way of issuance of 450,000 and 8,320,000 new ordinary shares pursuant to options exercised under the Employee’s Share Option Scheme (“ESOS”) at an exercise price of RM0.12 and RM0.10 respectively per ordinary share for cash. The newly issued ordinary shares rank pari passu in all respects with the existing ordinary shares of the Company. There were no other issues of shares during the financial year. The Company did not issue any debentures during the financial year. ANNUAL REPORT 2023 SASBADI HOLDINGS BERHAD 71 Financial Statements (continued)
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