PNB Declares 6.6 Sen Income Distribution For AS1M

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KUALA LUMPUR – Permodalan Nasional Bhd (PNB) has announced an income distribution of RM664.22 million for the financial year ending Sept 30, 2014 to 376,631 unitholders of Amanah Saham 1Malaysia (AS1M).

The income distribution, at 6.60 sen per unit, was 13 per cent higher than the previous year.

PNB chairman Tun Ahmad Sarji Abdul Hamid said up to Sept 22, 2014, the AS1M fund achieved a gross income of RM787.23 million, with profit from sale of shares in companies contributing a total of RM436.89 million or 55.5 per cent.

“Dividend income from investment in companies contributed RM231.45 million or 29.4 per cent to the gross income,” he told the media when announcing the income distribution for AS1M here Wednesday.

He added that some RM118.89 million or 15.1 per cent was derived from investment in short-term instruments and other incomes.

Meanwhile, PNB president and group chief executive Tan Sri Hamad Kama Piah Che Othman said the group had the capacity to distribute income at 8.40 sen a unit.

“However, the management has agreed to distribute the income at 6.60 sen a unit to ensure continuous returns to AS1M unitholders,” he told a press conference.

On Amanah Saham Bumiputera (ASB) 2 which was launched in April this year, Hamad Kama Piah said to date some 1.22 billion units out of the 10 billion units had been subscribed by 60,941 unitholders.

“We are promoting ASB2 in Sandakan, Sabah next week,” he added.

Commenting on Menara Warisan Merdeka project, he stressed that the foundation and piling works have reached 35 per cent at present.

“The foundation work is expected to be completed by the third quarter of 2015, and PNB is examining the contractors that have shown interest in the project.

“The contractors’ evaluation is in the process and we will announce the outcome of the tender in the last quarter of this year,” he said. – Bernama

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