For FY2007, only one round of dividend, 35 sen gross per 50 sen share, less tax, amounting to a payout of RM316.4 million was made, as compared to two rounds of dividends amounting to a total payout of RM411.2 million in respect of FY2006.

On 19 March 2007, the Company announced a share split exercise involving the sub division of every one existing share of 50 sen each into five shares of 10 sen each. The share split was followed by a capital repayment announcement on 30 March 2007 and which was completed on 22 August 2007. The capital repayment involved the cancellation of one share of 10 sen each for each twenty shares of 10 sen each held and a cash payment of RM4.20 for each share cancelled. A total cash distribution of RM1,314.4 million was made to shareholders.

Apart from the aforementioned direct cash returns to shareholders, your Company also spent a total of RM105.1 million during the year on share buyback, which shares have since been cancelled.

I am also pleased to note that the market price of the shares of IOI increased by 82% in FY2007.

Your Board remains committed to consistently give satisfactory cash returns and to increase overall value for shareholders. In this regard, capital management will continue to be applied to achieve ROE targets, sustain appropriate net gearing levels and balancing the need to provide for funds for growth opportunities.

previous | next