KUALA LUMPUR:'' Fraser & Neave Holdings Bhd's (FNHB) fourth quarter earnings surged to RM462.3 million from RM61.08 million a year ago, following exceptional gains of RM382 from the divestment of its glass container business.
Announcing its earnings on Monday, Nov 8, it said revenue for the quarter ended Sept 30 was RM990.25 million compared with RM796.48 million a year ago. Earnings per share were 129.7 sen versus 17.10 sen a year ago.
FNHB said the board recommended a final single tier dividend of 38 sen per share. If approved by shareholders, the total net dividend for the year would be 54.50 sen, compared to 41.75 sen paid in the previous financial year, an increase of 31%.
'In addition, the board is pleased to announce the payment of a special interim dividend of RM1.10 per share, thanks to the divestment of the glass container business which unlocked shareholders' value. This special interim dividend totaling RM393 million will be paid on Jan 6, 2011 and effectively distributing the entire gain from the divestment,' it said.
For the financial year ended Sept 30, it FNHB today reported a record profit of RM694 million, a nearly threefold increase over the previous financial year.
Revenue from continuing operations of RM3.64 billion was up 11.2% from the last financial year. Operating profit from continuing operations rose 35.7% to RM389 million while group profit after taxation surged 48.6% to RM307 million.
Announcing its earnings on Monday, Nov 8, it said revenue for the quarter ended Sept 30 was RM990.25 million compared with RM796.48 million a year ago. Earnings per share were 129.7 sen versus 17.10 sen a year ago.
FNHB said the board recommended a final single tier dividend of 38 sen per share. If approved by shareholders, the total net dividend for the year would be 54.50 sen, compared to 41.75 sen paid in the previous financial year, an increase of 31%.
'In addition, the board is pleased to announce the payment of a special interim dividend of RM1.10 per share, thanks to the divestment of the glass container business which unlocked shareholders' value. This special interim dividend totaling RM393 million will be paid on Jan 6, 2011 and effectively distributing the entire gain from the divestment,' it said.
For the financial year ended Sept 30, it FNHB today reported a record profit of RM694 million, a nearly threefold increase over the previous financial year.
Revenue from continuing operations of RM3.64 billion was up 11.2% from the last financial year. Operating profit from continuing operations rose 35.7% to RM389 million while group profit after taxation surged 48.6% to RM307 million.
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