Lotte Chemical declares special dividend of 13.98 sen for FY22

lotte chemical declares special dividend of 13.98 sen for fy22

Lotte Chemical declares special dividend of 13.98 sen for FY22

KUALA LUMPUR: Lotte Chemical Titan Holding Bhd has declared a special dividend of 13.98 sen for the financial year 2022 (FY22).

The company’s dividend policy is to pay approximately 50 per cent of its consolidated financial year net profit after taking into account working capital and maintenance capital expenditure requirements.

“The board of directors has declared a special single tier dividend of 13.98 sen per share for the financial year ending December 13, 2022 out of the retained earnings.

“This special dividend will be payable on December 29, 2022,” it said.

President and chief executive officer Park Hyun Chul said the special dividend of 13.98 sen per share will amount to a total dividend payout of RM318.4 million.

Park said this translates to a dividend yield of 9.58 per cent based on the closing share price of RM1.46 on November 24, 2022.

“This special dividend is intended to reward our shareholders for their continued and unwavering support,” he said.

Moving forward, Park said the company will continue to focus on its growth and expansion in Indonesia through the LINE Project and bring value to its shareholders.

“It will serve as the key expansion drive for the company with the aim to further solidify its position as one of the largest petrochemical companies in the Southeast Asia region upon its completion in 2025,” he added.

© New Straits Times Press (M) Bhd

News Related

OTHER NEWS

Lebih 1,000 video disekat TikTok selepas PRU15

Lebih 1,000 video disekat TikTok selepas PRU15 PUTRAJAYA: Menteri Komunikasi dan Digital Fahmi Fadzil berkata lebih 1,000 video disekat di TikTok seminggu selepas PRU15. Katanya, lebih 800 video disekat ketika ... Read more »

Harga telur turun ke tidak?

Gambar hiasan – Foto Bernama SHAH ALAM – Harga telur ayam terus menjadi tanda tanya apabila Menteri Pertanian dan Keterjaminan Makanan, Mohamad Sabu masih ‘mengunci mulut’ meskipun perkara itu telah ... Read more »

Time Magazine Names Michelle Yeoh Icon Of The Year

Time Magazine Names Michelle Yeoh Icon Of The Year Subscribe to our Telegram channel for the latest stories and updates. Ladies and gentlemen, she’s at it again. Our legendary Ipoh-born actress, Michelle ... Read more »

Kedah customs seizes ganja worth RM142,000 hidden at motor workshop

Kedah customs seizes ganja worth RM142,000 hidden at motor workshop ALOR SETAR: The Kedah Royal Customs Department seized 35 compressed slabs believed to be ganja worth an estimated RM142,000 hidden ... Read more »

Huawei Watch D Malaysia: This smartwatch can check your blood pressure, priced at RM1,999

So far, we’ve seen smartwatches that can measure everything from your heart rate to your body temperature, as well as take an electrocardiogram (ECG). But we haven’t seen one that ... Read more »

Johor cops round up 46 bookies over World Cup betting

Johor cops round up 46 bookies over World Cup betting JOHOR BARU: Police have arrested 46 men for allegedly acting as bookies involved in illegal betting on the ongoing Fifa ... Read more »

Johor assemblyman calls for redealineation of Johor-Singapore maritime borders

Malay Mail ISKANDAR PUTERI, Dec 7 — A Johor state assemblyman suggested the state government redelineate the maritime boundaries between Singapore and Johor to uphold national and the state’s security ... Read more »

PPj tarik 31 kenderaan terbiar

Mohd Ali Antara kenderaan tersadai yang ditarik PPj dalam operasi tersebut. PUTRAJAYA – Sebanyak 31 buah kenderaan terbiar ditarik dalam satu operasi bersepadu yang dijalankan penguatkuasa Perbadanan Putrajaya (PPj) dan ... Read more »

Be a responsible Home Minister and stop political revenge, Bersatu tells Saifuddin

Be a responsible Home Minister and stop political revenge, Bersatu tells Saifuddin PETALING JAYA: Home Minister Datuk Seri Saifuddin Nasution Ismail (pic) must not interfere in the police probe into ... Read more »

GE15: Hussain's siblings team up to support for BN's Johari in Tioman

GE15: Hussain’s siblings team up to support for BN’s Johari in Tioman ROMPIN: The Hussain’s siblings arrived early at the SK Pontian polling centre here today to pledge support for ... Read more »

PH’s alleged foreign funding more worrying, says PAS wing

PAS Ulama wing chief Ahmad Yahya says PH’s alleged foreign funding exposes the nation to external influences. PETALING JAYA: The PAS Ulama wing has dismissed claims that Perikatan Nasional’s (PN) ... Read more »

Padang Serai election: Few voters unaware two candidates no longer in contest

Election Commission chairman Tan Sri Abdul Ghani Salleh (middle) during his visit at Sekolah Menengah Kebangsaan Sultan Badlishah nomination centre today. Photo – BERNAMA KULIM – A few voters who ... Read more »

‘Senseless for gambling tycoons, companies to donate funds to PN’ - Hadi

Hadi. SHAH ALAM – It does not make sense for tycoons and gambling companies to contribute funds towards Perikatan Nasional (PN) especially when the party contains a group that is ... Read more »

RM600 billion scandal: Sany Hamzan yet to be called by MACC

RM600 billion scandal: Sany Hamzan yet to be called by MACC KUALA LUMPUR: Parti Amanah Negara Mobilisation Bureau director Sany Hamzan will provide evidence, including documents, regrading the alleged misappropriation ... Read more »

Palestinian-American model Bella Hadid crowned Model of the Year at The Fashion Awards 2022

Bella Hadid in her recorded acceptance speech video – The Fashion Awards 2022 YouTube channel Palestinian American supermodel Bella Hadid has been crowned Model of the Year at the British ... Read more »

SoyaCincau Awards 2022: The best Gadget, Tech Brand, Disappointment and Surprise of the Year

2022 was full of ups and downs, and that is also clearly mirrored when we’re talking about the tech world. There was a lot of variety and a lot of ... Read more »

SoyaCincau Awards 2022: The best EV of the Year

Malaysia’s Electric Vehicle space is rapidly growing, both in terms of the development of the nationwide charging network, but also the number of vehicles that are available for purchase. But ... Read more »

Ketepi ego, bersatu bersama Sivakumar, Waytha beritahu pemimpin India

Bekas menteri perpaduan P Waytha Moorthy menyifatkan kerajaan sedia ada sebagai ‘norma baharu dalam pembangunan dan kematangan politik. (Gambar Bernama) PETALING JAYA: Bekas menteri perpaduan P Waytha Moorthy mahu pemimpin ... Read more »

Come up with evidence on RM90 mil, Pas tells Anwar

Bachok MP Shahir Sulaiman SHAH ALAM – Pas Bachok MP Shahir Sulaiman has denied allegations that his party had received RM90 million from Umno, further urging the prime minister to ... Read more »

A no-tie Cabinet meeting led by Anwar

Cabinet members in dark suits without ties PUTRAJAYA – The unity government Cabinet ministers are showing a different image with their no-tie attires during meeting this morning. A photo was ... Read more »

Azizul happy to finish in top 10 in Europe

Azizul happy to finish in top 10 in Europe KUALA LUMPUR: Azizulhasni Awang is pleased with his overall performance in the UCI Track Champions League (TCL) this season, his first ... Read more »

Jantung bengkak boleh sebabkan kegagalan jantung. Pesakit diabetes, hipertensi antara yang kena waspada

Jantung bengkak boleh sebabkan kegagalan jantung. Pesakit diabetes, hipertensi antara yang kena waspada MASALAH jantung merupakan penyakit yang begitu sinonim berlaku dalam kalangan masyarakat di Malaysia tidak kira golongan muda ... Read more »

Penang Bridge to close for marathon on Dec 11

Penang Bridge to close for marathon on Dec 11 GEORGE TOWN: The Penang Bridge will be closed temporarily for the Penang Bridge International Marathon event from midnight to 10am on ... Read more »

Eight suspected motorcycle thieves from two gangs nabbed by cops

Eight suspected motorcycle thieves from two gangs nabbed by cops AMPANG: Two gangs of motorcycle thieves were busted with the arrests of eight men in Klang Valley and Negri Sembilan. ... Read more »

STAR bebas pilih haluan sendiri, kata pemuda Bersatu

Terima kasih dan semoga berjaya kata Ketua Pemuda Bersatu Wan Ahmad Fayhsal Wan Ahmad Kamal kepada Presiden STAR, Jeffrey Kitingan. KUALA LUMPUR: Parti Solidariti Tanah Airku (STAR) bebas untuk mengikut ... Read more »

CIMB launches landmark Sustainability-Linked Treasury Programme, with Farm Fresh and Sunway as pioneer clients

CIMB launches landmark Sustainability-Linked Treasury Programme, with Farm Fresh and Sunway as pioneer clients KUALA LUMPUR (Dec 7): CIMB Bank Bhd on Wednesday (Dec 7) launched the landmark Sustainability-Linked Treasury ... Read more »

MP SPEAKS | New Environment Ministry has the right structure

MP SPEAKS | New Environment Ministry has the right structure MP SPEAKS | Many people have said many things about the newly formed cabinet. As the former environment minister, I ... Read more »

After insinuation about royalty, Umno man tells Muhyiddin to accept losing PM’s post

Malay Mail JOHOR BARU, Dec 7 — Umno’s Tan Sri Shahrir Samad said Perikatan Nasional (PN) chairman Tan Sri Muhyiddin Yassin has yet to accept the reality that he was ... Read more »

Dulu pengacara TV, sekarang bekerja dari rumah, Nisa Aznan puas berniaga

YAKIN dan menyerlah, demikian adalah dua perkataan yang sesuai sebagai definisi helaian hijab keluaran Nisa Aznan. Jenama yang diasaskan bekas personaliti televisyen dan wartawan penyiaran, Nisa Aznan, 33, ini mula ... Read more »

Analysis: South Africa's Ramaphosa still ANC's best hope despite scandal

South Africa’s Ramaphosa to make first public appearance since ‘Farmgate’ report published By Tim Cocks and Olivia Kumwenda-Mtambo JOHANNESBURG (Reuters) – South Africa’s Cyril Ramaphosa is weathering the worst scandal ... Read more »

Persatuan nelayan harap Jabatan Perikanan Malaysia tidak beri lesen

Kawasan Teluk Kumbar di Bayan Lepas antara kawasan yang dibanjiri nelayan asing. Arshad Omar GEORGETOWN – Pengerusi Persatuan Nelayan Kawasan Pulau Pinang, Arshad Omar mengharapkan pihak berkuasa tidak mengeluarkan lesen ... Read more »

Bersatu Youth lodges police report against Anwar over claims that Perikatan’s GE15 campaign funded by gambling companies

Malay Mail KUALA LUMPUR, Dec 7 — Parti Pribumi Bersatu Malaysia Youth chief Wan Ahmad Fayhsal Wan Kamal lodged today a police report over Prime Minister Datuk Seri Anwar Ibrahim ... Read more »

Johari Abdul confirms he's among govt's shortlist of Dewan Rakyat Speaker candidates

Malay Mail KUALA LUMPUR, Dec 7 — Former Sungai Petani MP Datuk Johari Abdul has reportedly confirmed that his name is among the candidates that are proposed as the Dewan ... Read more »

Muhyiddin yet to accept reality

Mohd Hairi (left), Shahrir (right). JOHOR BAHRU – Perikatan Nasional (PN) chairman Tan Sri Muhyiddin Yassin has yet to accept the reality of not being appointed as the Prime Minister, ... Read more »

Key ASIC bags two IP licensing, design engineering contracts worth RM26mil

Key ASIC bags two IP licensing, design engineering contracts worth RM26mil KUALA LUMPUR: Key ASIC Bhd has bagged two more contracts for ASIC design business from an undisclosed customer. The ... Read more »

Sabah Health to upgrade dilapidated Tenom hospital facilities

Sabah Health to upgrade dilapidated Tenom hospital facilities TENOM: Sabah Health Department (JKNS) will upgrade dilapidated facilities at Tenom hospital. Yesterday, the newly-elected Tenom member of parliament Riduan Rubin had ... Read more »

1MDB trial cannot go on today, as Najib and lawyers from both sides still at Federal Court

Malay Mail KUALA LUMPUR, Dec 7 — Former prime minister Datuk Seri Najib Razak’s trial over the misappropriation of 1Malaysia Development Berhad’s (1MDB) RM2.28 billion could not go on this ... Read more »

Lead charge to demand return of local council polls, Bersih told

Activist Kua Kia Soong said former housing and local government minister Zuraida Kamaruddin had stated that the nation could not afford to run local elections. PETALING JAYA: Suaram adviser Kua ... Read more »

School roving elephant safely caught, to be translocated, says Sabah officials

The captured elephant in Lahad Datu. KOTA KINABALU: A pygmy elephant which had wandered into a school compound in Lahad Datu recently, has been caught. The adult male elephant was ... Read more »

Dakwaan PN terima dana syarikat judi, Wan Fayhsal buat laporan polis terhadap Anwar

Ketua Pemuda Bersatu Wan Ahmad Fayhsal Wan Ahmad Kamal berkata, tindakan membuat laporan polis menunjukkan PN tidak menyembunyikan apa-apa daripada pihak berkuasa. KUALA LUMPUR: Seorang pemimpin Perikatan Nasional (PN) membuat ... Read more »
Breaking thailand news, thai news, thailand news Verified News Story Network