KUALA LUMPUR: The Lembaga Tabung Angkatan Tentera (LTAT) registered an unaudited total income of RM747.5 million in the financial year ended Dec 31, 2010, up 34.7% from RM554.7 million.
The Malaysian Armed Forces Fund said on Monday, Jan 17 this was the highest recorded profit since it was set up 38 years ago.
"Eligible members will receive total dividends and bonuses at a rate of 14% for FY ended Dec 31, 2010," it said.
The payout, comprising of 7% dividend, 1% bonus and 6% special bonus in the form of unit trusts, would amount to RM616.3 million. This is an increase of 7.2% from FY2009 payout of RM575.2 million.
LTAT's total assets as at Dec 31, 2010, increased by 1.3% to RM7.6 billion from RM7.5 billion in FY2009. The members' contributions totalled RM6.7 billion in 2010 compared with RM6.3 billion in 2009.
The Malaysian Armed Forces Fund said on Monday, Jan 17 this was the highest recorded profit since it was set up 38 years ago.
"Eligible members will receive total dividends and bonuses at a rate of 14% for FY ended Dec 31, 2010," it said.
The payout, comprising of 7% dividend, 1% bonus and 6% special bonus in the form of unit trusts, would amount to RM616.3 million. This is an increase of 7.2% from FY2009 payout of RM575.2 million.
LTAT's total assets as at Dec 31, 2010, increased by 1.3% to RM7.6 billion from RM7.5 billion in FY2009. The members' contributions totalled RM6.7 billion in 2010 compared with RM6.3 billion in 2009.
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