[Business Times] Dividend cheer for Daibochi investors
27 July 2012
KUALA LUMPUR: Leading flexible packaging solutions provider Daibochi Plastic and Packaging Industry Bhd continued its
growth momentum in the second quarter with net profit rising 28.4 per cent to RM6.4 million from RM5 million in the previous corresponding quarter.
In the quarter ended on June 30 this year, the group’s revenue stood at RM70.6 million from RM73.2 million before.
In a statement, Daibochi said that the board of directors had agreed to raise the group’s dividend policy to distribute no less than 60 per cent of group net profit to shareholders.
The dividend payout of about RM4.6 million, representing 62.7 per cent of net profit, will be paid to shareholders on September 7 based on the company’s record of depositors on August 15.
The new dividend policy will take effect from the second quarter onwards.
For the first-half ended June 30 this year, Daibochi achieved RM11.5 million net profit, a 19.4 per cent rise from RM9.6 million before.
This was on the back of the group’s revenue of RM139.3 million versus RM140.9 million in the same period of last year.
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