SUMMARY OF KEY FINANCIAL INFORMATION
CURRENT YEAR QUARTER
CURRENT YEAR TO DATE
|2||Profit/(loss) before tax|
|3||Profit/(loss) for the period|
|4||Profit/(loss) attributable to ordinary equity holders of the parent|
|5||Basic earnings/(loss) per share (Subunit)|
|6||Proposed/Declared dividend per share (Subunit)|
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
|7||Net assets per share attributable to ordinary equity holders of the parent ($$)|
The Board does not recommend the payment of dividend for the third quarter ended 31 January 2013 (previous year corresponding quarter ended 31 January 2012 : third interim single tier exempt dividend of 6 sen per share). The first interim single tier exempt dividend of 6.5 sen per share was paid on 16 October 2012, the second interim dividend via a share dividend distribution equivalent to 9.5 sen per share (based on the treasury shares book cost) was credited into the entitled depositors' securities accounts on 30 January 2013. The total dividend distribution per share in respect of the financial period ended 31 January 2013 amounted to 16 sen per share (previous year corresponding financial period ended 31 January 2012 : 22 sen single tier exempt dividend per share). The total dividends paid todate for the current financial year ending 30 April 2013 is approximately RM211.8 million which represents approximately 68.5% of the attributable profit of the Group for the 9 months financial period ended 31 January 2013.
The Board noted that the Company is undertaking a major restructuring which will lead to the listing of Sports Toto Malaysia Sdn Bhd ("STM") as a Business Trust ("STM-Trust") on the SGX-ST. Hence, the Board is mindful of its covenants and undertakings in respect of the said exercise which includes the need to deliver STM in a healthy financial position and to settle all advances (previously received from STM) when the transfer of the latter to the STM-Trust is effected.
The Board also took into consideration the anticipated special cash dividend that may be declared after the listing of STM-Trust as well as its intention to eventually distribute the bulk of the STM-Trust units to shareholders as set out in the Extraordinary General Meeting Circular to shareholders dated 27 November 2012. Therefore, the Board wants to ensure that the Group has a comfortable level of retained earnings to undertake the aforesaid.