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in the travel documents segment
and pricing pressures across some
of the other product segments.
We did signal a year ago that this
was going to be the case, and so
through management actions and
disciplined cost control, we have
managed to negate the dual impact
of lower demand and margins,
resulting in y-o-y improvement of
34.0% in its PBT contributions.
A more detailed review of
the results and the operating
performance for the year of each
of the Group’s business divisions is
presented on pages 36 to 47 of this
Annual Report.
Dividend
The Board is pleased to
recommend for shareholders’
approval a final single-tier
dividend of 7.5 sen per share for
the financial year ended 31 March
2019 at the forthcoming Annual
General Meeting. If approved at
the forthcoming Annual General
Meeting, the dividend will be
paid on 30 September 2019 to
shareholders whose names appear
on the register as at 11 September
2019. This would bring the total
dividend for the full year to 12.5 sen
per share (FYE2018: 12.5 sen). The
dividend paid out is approximately
46.0% of our PAT for the year.
Sustainability
We are fully aware of our
responsibilities as a corporate
citizen to create an environment
where all can prosper. Our
approach to sustainability is
therefore guided by this sense
of purpose i.e. to create value
for the long term, by managing
our business in a balanced and
responsible way. In seeking an
appropriate balance, we are
mindful that more often than not,
there are certain trade-offs that
need to be made. The social license
and influence of stakeholders has
grown tremendously over the years
and we need to ensure that these
are properly addressed - especially
when social and environmental
concerns can affect the legal
license to operate. Understanding
and responding to the legitimate
interests of our stakeholders is
therefore a vital aspect of our
commitment as a responsible
corporate citizen. The Group’s
key stakeholder groupings, their
concerns, the way we engage with
them and how we address these
are presented on pages 16 to 17 of
our Sustainability Report.
performance
review
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