Page 59 - Annual Report 2021

Directors’ Report

The directors hereby submit their report and the audited financial statements of the Group and of the Company for the
financial year ended 31 December 2021.

PrinciPal actiVitiEs
The Company is principally engaged in business as an investment and commercial arm of the University of Malaya. The
principal activities of the subsidiaries are set out in Note 6 to the financial statements. There have been no significant
changes in the nature of these activities during the financial year.

rEsults

the the
group company
rM rM

Profit after taxation for the financial year 18,977,942 5,750,695

Attributable to:-
Owners of the Company 18,867,102 5,750,695
Non-controlling interests 110,840 -
18,977,942 5,750,695

DiViDEnDs
Dividends paid or declared by the Company since 31 December 2020 are as follows:

rM
Ordinary share
In respect of the financial year 31 December 2020
Second interim dividend of 4.0 sen per ordinary share, paid on 12 March 2021 1,600,000

In respect of the financial year 31 December 2020
Final dividend of 4.6 sen per ordinary share, paid on 11 May 2021 1,830,000

In respect of the financial year 31 December 2021
First interim dividend of 11.3 sen per ordinary share, paid on 10 January 2022 4,500,000
7,930,000

The directors do not recommend the payment of any further dividends for the financial year.

Annual Report 2021 59