Will this one imitate HAIO???
ZHULIAN Corporation Bhd today declared a five sen dividend per share, consisting of a three sen interim dividend and two sen special interim dividend. This results in a full year dividend payout of 14 sen per share, adhering to its dividend policy amounting to 60 per cent of its after-tax profit of RM82 million for the financial year ended Nov 30, 2009. Zhulian is involved in multi level marketing, with diversified interests in the manufacturing and trading of costume and fine jewellery, consumer products and printing. Currently, almost 90 per cent of its products are manufactured at its own facilities in Bayan Lepas, Penang. In a statement, the company said its net profit for the financial year rose 9.79 per cent to RM82.005 million from RM74.69 million previously in tandem with a 3.85 per cent increase in revenue to RM315.275 million from RM303.577 million. Group Managing Director Danny M.K. Teoh said Zhulian was unable to sustain its high growth rate seen in the past few years due to challenging economic situation, and tough operating and market conditions where costs and prices kept escalating. "Achieving commendable results during global downturn has been truly challenging. While many other businesses were faced with the threat of negative growth, we are proud to have been able to ride the waves," he said in the statement. He said the company remained optimistic on its prospects and would focus on the long-term return rather than short-term. "We are now in the process of transformation at multiple levels, from the infrastructure up to product mix, operational system and marketing strategies," he said. For 2010, he said, the company would launch a brand new own manufactured health supplement series in the capsule and tablet forms under the "Greenlex" brand name.