Globetronics proposes 6 sen dividend payout

23 Oct 2017 / 20:23 H.

    PETALING JAYA: Globetronics Technology Bhd proposes to declare a dividend payout of six sen per share for the financial year ending December 31, 2017.
    The six sen dividend payout comprises two sen second interim dividend and four sen special dividend per share.
    However, it explained that the rate of special dividend payout is lower by three sen compared with the previous corresponding period, due to the company's need to conserve cash for its capital expenditure and expansion.
    The entitlement date for both interim and special dividends is November 9 and will be paid on November 21.
    Globetronics' net profit rose 15% to RM11.73 million for six months ended June 30, 2017 against RM10.2 million in the same period a year ago.
    Its shares fell 15 sen or 2.36% to close at RM6.20, on some 221,800 shares done. It has a market capitalisation of RM1.77 billion.

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