KUALA LUMPUR: Property firm Magna Prima Bhd will allocate a fifth of its fiscal 2007 net profit as dividends in anticipation of higher earnings from some RM2 billion worth of projects in hand, said its chief executive Lim Ching Choy.The dividend payout will be Magna Prima’s third since its listing in Malaysia some 11 years ago. Magna Prima shareholders approved yesterday the developer’s plan to buy the Jalan Kuching site for RM57.9 million. Magna Prima shares rose 1% or 5 sen to end at RM5.25.
(9-1-2008 The Edge)
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