S P Setia announces final dividend of 1.47 sen payable on April 20

KUALA LUMPUR (March 13): S P Setia Bhd announced its final dividend of 1.47 sen per ordinary share in respect of the financial year ended December 31, 2022, payable on April 20.

Its ex-date was March 27, and entitlement date was March 28, said the group in a bourse filing on Monday (March 13).

The group also announced its preferential dividend of 6.49% per annum per Islamic redeemable convertible preference shares (RCPS-i A) and 5.43% per annum per Class C Islamic redeemable convertible preference shares (RCPS-i C).

Both are payable semi-annually and based on the issue price of RM1 and 38 sen respectively and to be paid on April 20. Its ex-date was March 27.

The group’s net profit fell 26.76% to RM90.32 million in its fourth quarter ended December 31, 2022 (4QFY2022) from RM123.32 million in the same quarter a year earlier (4QFY2021), against a higher quarterly revenue by 66.02% to RM1.71 billion from RM1.03 billion due to increased contributions from its property development sector.

For its full-year of 2022, the group’s net profit improved 8.35% to RM308.09 million from RM284.36 million in 2021. Its revenue also increased by 18.35% to RM4.45 billion from RM3.76 billion.

S P Setia’s share price closed 1.5 sen or 2.46% lower at 59.5 sen, giving it a market capitalisation of RM2.42 billion.