In view of the 40% NPAT amounting to RM36.547M retained as 60% NPAT amounting to RM91.369M to be paid on 27-03-24, the Net Cash position has increased from RM505.921M (FY ending 31-12-22) to RM531.504M (FY ending 31-12-23).
With new FY'2024 continuing with good operating profit provided CPO stays well above RM3,800.00/ton, Hsplant will continue to improve in its financial performance.
Since Hao Seng Consolidated owns 70% of Hs Plant they also in same position as minority shareholders As long as Cash remain in Company it is ok plus they parked most in money market funds to get higher yield
Can also say the same about people buying Berkshire Hathaway by the Great Sifu Warren Buffet which never even give one cent dividend as he said dividend is taxable
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Posted by PureInvest > 2024-02-27 20:45 | Report Abuse
In view of the 40% NPAT amounting to RM36.547M retained as 60% NPAT amounting to RM91.369M to be paid on 27-03-24, the Net Cash position has increased from RM505.921M (FY ending 31-12-22) to RM531.504M (FY ending 31-12-23).
With new FY'2024 continuing with good operating profit provided CPO stays well above RM3,800.00/ton, Hsplant will continue to improve in its financial performance.