Suria Capital Holdings Berhad Annual General Meeting

Suria Capital Holdings Berhad Annual General Meeting

Suria Capital Holdings Berhad is pleased to announce that for the year ended 31 December 2018, the Company and its subsidiaries (SuriaGroup) posted higher operating revenue of RM263.8 million versus RM232.4 million in 2017, representing an improvement of 14%. This is attributed mainly to higher contributions by port operations, being the main source of revenue for the Group, and contract revenue from railway project.

In terms of gross profit, the Group registered a marginal increase of 2% to RM95.7 million in 2018 against RM94.2 million in 2017. The Group’s net profit recorded an increase of 8% at RM52.9 million in 2018 as compared to RM48.9 million in 2017. With that, Suria would be distributing a total dividend of 6.0 sen per share for the financial year 2018, representing a payout ratio of 35.4% of the net profit.

During the year, a total of 30.9 million tonnes of cargo throughput (excluding containers) was handled as against 30.3 million tonnes in 2017, representing a marginal increase of 2%. In terms of containers handled by Sabah Ports, the TEUs recorded was 386,786, the highest since 2014, increasing by 9.5% against 353,161 TEUs in 2017. Out of these, Sapangar Bay Container Port handled 68.5% of the overall TEUs.

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Date: 
27 June 2019