KUALA LUMPUR: DXN HOLDINGS BHD [] has set a dividend policy of distributing at least 50% of the group's net profit to shareholders with immediate effect. The dividend is to be paid on a quarterly basis.
The company said on Thursday, Sept 23 that based on the group's performance,'' especially the sturdy growth of its multi-level marketing business in the overseas markets, 'the company is of the opinion that it has the financial capability to meet the dividend policy'.
DXN said the dividend policy was to set a clear profit distribution to reward existing shareholders for their support, as well as to attract long-term investors, and enable shareholders to enjoy higher returns.
Its product lines include dietary supplements, food and beverages, personal care products, household products and water treatment system.
For the first quarter ended May 31, 2010, it posted net profit of RM10.07 million versus RM5.02 million a year ago. Its revenue was RM67.80 million compared with RM64.78 million a year ago.
It had then declared a first Interim dividend of 4% less 25% tax and 4% tax exempt per ordinary share of 25 sen each. It had RM43.46 million cash and cash equivalents as at May 31.
The company said on Thursday, Sept 23 that based on the group's performance,'' especially the sturdy growth of its multi-level marketing business in the overseas markets, 'the company is of the opinion that it has the financial capability to meet the dividend policy'.
DXN said the dividend policy was to set a clear profit distribution to reward existing shareholders for their support, as well as to attract long-term investors, and enable shareholders to enjoy higher returns.
Its product lines include dietary supplements, food and beverages, personal care products, household products and water treatment system.
For the first quarter ended May 31, 2010, it posted net profit of RM10.07 million versus RM5.02 million a year ago. Its revenue was RM67.80 million compared with RM64.78 million a year ago.
It had then declared a first Interim dividend of 4% less 25% tax and 4% tax exempt per ordinary share of 25 sen each. It had RM43.46 million cash and cash equivalents as at May 31.
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