Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

“
Dear Shareholders,
Group Chairman’s Statement
In line with the new dividend policy,
the Board of Directors is proposing
to reward shareholders with a fi rst
and fi nal dividend of 15 sen less 25%
taxation per share for 2011. In terms
of percentage, the amount of this
dividend is consistent with the new
dividend policy’s 30% minimum.
As Group Chairman, it gives me great pleasure to
present to you a report on how your company, Cahya
Mata Sarawak Berhad, performed in 2011.
Our Group’s operations reported a Profi t Before Tax
(PBT) of RM178.72 million for the twelve months ended
31 December 2011 compared to a PBT of RM118.80
million for the twelve months ended 31 December
2010, equivalent to a 50% increase from the previous
year. Profi t After Tax and Non-Controlling Interests
(PATNCI) for the twelve months ended 31 December
2011 was RM120.02 million compared to a PATNCI
of RM65.78 million for the twelve months ended 31
December 2010, equivalent to a 82% increase from the
previous year.
This translated into a basic earnings per share of 36.43
sen for the twelve months ended 31 December 2011
as against 19.97 sen for the twelve months ended 31
December 2010. It also led to the Group’s Return on
“
Equity rising from 5.08% for the twelve months ended
31 December 2010 to 8.80% for the twelve months
ended 31 December 2011.
The Board of Directors recently announced that the
Group has adopted an indicative dividend policy with
effect from the fi nancial year ending 31 December
2012 to distribute a minimum of 30% of its PATNCI
annually to its Shareholders subject to a minimum of at
least 5 sen per share, the level of available cash and
cash equivalents, return on equity, retained earnings
and projected levels of capital expenditure and other
investment plans.
In line with the new dividend policy, the Board of
Directors is proposing to reward Shareholders with a
fi rst and fi nal dividend of 15 sen less 25% taxation per
share for 2011. In terms of percentage, the amount
of this dividend is consistent with the new dividend
policy’s 30% minimum.
Annual Report 2011 5