Tasek Corp

Tasek Corp

Postby winston » Wed Nov 05, 2014 10:12 am

not vested

Tasek declares special dividend

PETALING JAYA: Tasek Corp Bhd has declared a special single-tier dividend of 50 sen per share in conjunction with the company’s 50th anniversary this year.

The cement manufacturer said the special dividend would be payable on Dec 8, with eligibility date set at Nov 19.

Tasek saw a 7.1% drop in earnings to RM21.5mil from RM23.1mil in the third quarter ended Sept 30, 2014, despite revenue rising 3.3% to RM148.7mil from RM143.9mil.

The company said this was mainly due to lower profit margins from the cement segment because of intense price competition in the market. In addition, it also reported lower sales volume from the concrete segment, lower share of profit from the group’s associated company and lower interest income.

Source: The Star
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