Highest KPF Dividend ever 16.5% for Year 2007

June 27, 2008 22:52 PM
From www.bernama.com

KUALA LUMPUR, June 27 (Bernama) -- Koperasi Permodalan Felda Bhd (KPF) will be paying out dividend of 16.5 percent to its members involving a total payment of RM178.2 million for the financial year ended Dec 31, 2007, a record figure in its history.

For the 2006 financial year, it paid a dividend of 14.5 percent amounting to total payout of RM122.82 million, its chairman Datuk Ahmad Tarmizi Alias said in a press conference after KPF's annual general meeting here Friday.

Ahmad said the increased dividend reflected the good performances of the businesses it had invested in with the higher palm oil price being a major contributor.

KPF's membership rose to 186,268 last year, a 3.55 percent increase from the year before while assets rose by 23.64 percent to RM1.17 billion.

In 2007, KPF reported a revenue of RM253.06 million, an increase by 51.03 percent from RM167.55 million in 2006.

After tax and zakat payment, profit was RM183.31 million compared with RM125.61 million in 2006.

KPF's investment reached RM1.47 billion in 2007 compared with RM1.05 billion the year before with the core of its investments being in equity ownership in 13 Kumpulan Felda companies.

-- BERNAMA

P/s : This is the highest dividend ever paid by KPF to its shareholders. Unfortunately, I only started to invest in KPF early this year. Hopefully, with a strong market for palm oil, KPF will be able to give such a high return for year 2008 and beyond.