Change - S P Setia Berhad

12
Annual report 2008
CHAIRMAN’S
STATEMENT
Dear Valued Shareholders
The year under review has been a challenging one, especially
in the first three quarters where extreme cost pressures faced by
the construction sector resulted in a slowdown and disruption in
work progress. Runaway inflation led by fuel and energy price
hikes also had an impact on our operating costs. Nonetheless,
I believe that our branding efforts over the years has borne
fruit, reflected in our ability to successfully capture house buyers’
changing lifestyle needs and aspirations.
Despite the trying times and soft market sentiments, the Group achieved a
commendable net profit of RM213.5 million on the back of revenues totaling
RM1.3 billion. This was attributed to the continued demand for our properties
in the Klang Valley, Johor and Penang.
I am pleased to announce that for the financial year ended 31 October 2008,
the Group has proposed a final dividend payout of 10 sen per share. Together
with the interim dividend of 7 sen per share, the total dividend payout for the
year amounts to 17 sen per share, accounting for approximately 60% of the
Group’s net profit.