ACCOUNTABILITY | DIRECTORS’ REPORT 173 DIRECTORS’ REPORT The Directors have pleasure in submitting their report together with the audited financial statements of the Group and of the Company for the financial year ended 31 January 2024. PRINCIPAL ACTIVITIES The principal activities of the Company are investment holding and provision of management services. The principal activities of the subsidiaries, joint ventures and associates are disclosed in Note 47 to the financial statements. FINANCIAL RESULTS Group RM million Company RM million Profit for the financial year 1,142 31 Attributable to: Owners of the Company 964 31 Non-controlling interests 178 - 1,142 31 DIVIDENDS Dividends paid and proposed since the end of the previous financial year are as follows: RM million In respect of the financial year ended 31 January 2024: - Interim single tier dividend of 2.0 sen per share (declared on 29 September 2023 & paid on 15 December 2023) 58 In respect of the financial year ended 31 January 2023: - Final single tier dividend of 1.0 sen per share (declared on 23 March 2023 & paid on 30 August 2023) 29 87 On 22 March 2024, the Directors recommended a final single tier dividend of 1.0 sen per ordinary share, with an option for the shareholders to elect to reinvest, in whole or in part, their dividend in new shares of the Company. The proposed dividend and the proposed dividend reinvestment plan are subject to the shareholders' approval in the forthcoming Annual General Meeting. RESERVES AND PROVISIONS All material transfers to or from reserves and provisions during the financial year are disclosed in the financial statements.
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