Kota Kinabalu: The Sawit Kinabalu Group paid a third interim dividend of RM14.45 million to the State Government, Tuesday.
Chief Minister Datuk Seri Hajiji Noor who is also Sawit Kinabalu Group Chairman witnessed the presentation by Sawit Kinabalu Group Managing Director Datuk Bacho Jansie to State Secretary Datuk Seri Safar Untong.
Sawit recorded a profit of RM333 million before tax compared to the projection of RM131 million, which is the highest since the company was incorporated 25 years ago.
Bacho said, from the profits, Sawit Kinabalu would pay RM14.45 million to the State Government for the third interim dividend after the payment of RM10 million for this year’s first and second quarters’ dividends, in September.
“The total dividend paid this year is RM24.4 million which is an addition to the total dividend of RM1.2 billion paid to the State Government since 1996,” he said.
Meanwhile, a memorandum of understanding (MoU) was also signed between Sawit Kinabalu Sdn Bhd and Hernan Corporation Sdn Bhd for a joint-venture project to plant durian.
The MoU was signed by Bacho and Hernan Corporation Sdn Bhd Chief Executive Officer Anna Teo.
The MoU aimed to develop a durian planting project, including the marketing and export of durian and durian-based value-added products to domestic and international markets such as Australia, China, Japan, and the United States, among others.
Through this strategic partnership, Hernan Corporation Sdn Bhd would assist Sawit Kinabalu Group by sharing information and expertise, research and technology to ensure that the project can provide and yield lucrative returns.
* Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss.
* Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
