The company plans to pay a final dividend of 0.35 cent per share, plus a special dividend of 0.15 cent. For the preceding FY2021, it paid 0.4 cent.
The company notes that the operating environment continues to be challenging and uncertain, as rising interest rates, inflationary pressures, ongoing geopolitical tensions, pose disruption risks to the nascent market recovery.
“The group’s priority is to ensure that it has adequate liquidity to sustain its business, manage its cashflow, operating costs and business risks, amid the uncertainties posed by the business environment,” adds Tiong Woon.
Tiong Woon closed at 54 cents on Aug 26, down 0.92%.
