Cypark seeks 4 sen per share dividend

KUALA LUMPUR: Cypark Resources Bhd (Cypark) yesterday announced that its directors have recommended for declaration and payment of a first and final tax exempt single-tier dividend of four sen per ordinary share for the financial year ended October 31 2012.

This is subject to shareholders' approval at the company's upcoming eighth annual general meeting, Cypark said in a statement yesterday.

"The date of entitlement and date of payment for this year's dividend will be determined and announced in due course," said Cypark group chief executive officer Daud Ahmad.

The board of directors also approved the audited financial statements for the year ended October 31 2012, which saw Cypark's profit after tax jump by 27 per cent to RM25.5 million from RM20.1 million previously.

"We exited 2012 with strong fourth quarter results as we have benefited from our diversified business strategy, solid execution on cost roadmap and increased customer demand for our high efficiency and industry-leading renewable energy technology.

"Cypark is optimistic that we will undergo similar success in 2013," Daud said.

The company has indepth experience and proven technology to remediate, manage and transform contaminated sites into sustainable, beautiful and manageable fields for a better and safer living environment.

Cypark provides environmental solutions, focusing on waste management, renewable energy generation, scientific closure and remediation of contaminated land through internally developed technology called Colaris, landfill restoration, ground water assessment, remediation and information system called Garis, environmental monitoring and management, as well as waste water treatment. Bernama