I bought 13.5 lots of TM-CO, hope can UP UP UP UP ON MONDAYYYYYYYYYYYYY
Written by Joseph Chin of theedgemalaysia.com
Friday, 25 February 2011 18:02
KUALA LUMPUR: TELEKOM MALAYSIA BHD [] has proposed a capital distribution of about RM1.037 billion or 29 sen for each share held.
TM said on Friday, Feb 25 said the proposed capital distribution will be funded through the group’s existing cash balances, which stands at RM3.488 billion as at Dec 31, 2010.
It also proposed a bonus issue of about 3,577.4 million redeemable preference shares of one sen each in TM (RPS) to shareholders, on the basis of one RPS for each TM share held on the entitlement Date.
The RPS shall be issued at its par value of one sen each by way of capitalisation of TM’s share premium account.
TM said the redemption of the RPS shall be at a redemption price of 29 sen for each TM share held.
“The par value of one sen per RPS, representing approximately RM35.8 million in total, will be redeemed out of TM’s retained profits, whereas the premium on redemption of 28 sen per RPS, representing approximately RM1 billion in total, will be redeemed out of TM’s share premium account.
“This will result in a cash payment of 29 sen for each TM share held or a total cash payment of approximately RM1.037 billion to TM’s shareholders,” it said.
Telekom Malaysia 4Q net profit up 135pct to RM400.6m, FY10 at RM1.2b
Written by Joseph Chin of theedgemalaysia.com
Friday, 25 February 2011 18:23
KUALA LUMPUR: Telekom Malaysian Bhd’s earnings rose 135%to RM400.63 million in the fourth quarter ended Dec 31, 2010 from RM170.25 million a year ago.
TM said on Friday, Feb 25 that revenue was marginally higher by2.1% at RM2.32 billion from RM2.27 billion. Earnings per share were 11.2 sen compared with 4.8 sen. It proposed a final dividend of 13.1 sen per share.
For FY10, its earnings surged 87.6% to RM1.20 billion from RM643.02 million. Its revenue rose 2.1% to RM8.79 billion from RM8.61 billion.