Latest news with #KPDRM
Malay Mail
a day ago
- Business
- Malay Mail
More members, more profit: Police co-op posts ‘impressive' RM50m profit, raises dividends
KUALA LUMPUR, June 13 — Koperasi Polis Diraja Malaysia Berhad (KPDRM) announced a dividend distribution of 5.8 per cent for 2024 on subscription capital and 9.2 per cent on share capital to members, with a total distribution of RM36.14 million. KPDRM president and Inspector-General of Police Tan Sri Razarudin Husain said the distribution showed an increase of 0.3 per cent for subscription capital and 2.2 per cent on share capital compared to the previous year. 'In the cooperative's 97 years of existence, this is the first time such an impressive dividend has been distributed to KPDRM members,' he said when speaking in conjunction with KPDRM's 90th Annual General Meeting here today. Also present were Prime Minister Datuk Seri Anwar Ibrahim, Home Minister Datuk Seri Saifuddin Nasution Ismail and Ministry of Human Resources secretary-general Datuk Seri Khairul Dzaimee Daud. Commenting further, Razarudin said KPDRM recorded a profit of RM50.14 million for the year 2024, compared to RM45.02 million in 2023. 'This is influenced by the increase in the number of KPDRM members from 114,608 in 2023, to 119,922 in 2024, involving an increase of 5,314 people. 'In this regard, the subscription capital also increased to RM586.6 million in 2024 compared to RM558 million in 2023, an increase of 4.9 per cent equivalent to RM28.6 million,' he said. In addition, Razarudin said the share capital also increased to 11 per cent equivalent to RM2.9 million from RM20.5 million in 2023 to RM23.04 million in 2024. At the ceremony, the Prime Minister also presented insurance compensation to nine relatives of Federal Reserve Unit (FRU) members who died in a road accident in Teluk Intan, Perak, in May. — Bernama
Malay Mail
a day ago
- Business
- Malay Mail
PM Anwar says open to discounts, but not full cancellation of police cooperative debt
KUALA LUMPUR, June 13 — Prime Minister Datuk Seri Anwar Ibrahim today said he is open to granting discounts on debts owed by companies under the Royal Malaysian Police Cooperative Bhd (KPDRM), but ruled out a full cancellation. Speaking at KPDRM's annual general meeting, Anwar was responding to a request by Inspector-General of Police Tan Sri Razarudin Husain for the government to write off debts linked to past 'poor business decisions' by the cooperative's companies. 'On asking for debt cancellation, Tan Sri Razarudin — if you owe, you pay lah,' Anwar said in his speech, drawing light laughter from the audience. 'Right, so we can negotiate. I don't think it's right to relieve all. But I feel, based on the performance of the police and the current management, we can give reasonable discounts.' Razarudin earlier announced a dividend payout of 5.8 per cent on subscription capital and 9.2 per cent on share capital for the financial year 2024, amounting to RM36.14 million. He did not disclose the total amount of debt owed by the KPDRM-owned firms or the exact sum he hoped would be cancelled.
The Star
a day ago
- Business
- The Star
Police co-op declares over RM36mil in dividend
KUALA LUMPUR: Koperasi Polis Diraja Malaysia Berhad (KPDRM) announced a dividend distribution of 5.8 per cent for 2024 on subscription capital and 9.2 per cent on share capital to members, with a total distribution of RM36.14mil. KPDRM president and Inspector-General of Police Tan Sri Razarudin Husain ( pic ) said the distribution showed an increase of 0.3 per cent for subscription capital and 2.2 per cent on share capital compared to the previous year. "In the cooperative's 97 years of existence, this is the first time such an impressive dividend has been distributed to KPDRM members," he said when speaking in conjunction with KPDRM's 90th Annual General Meeting here Friday (June 13). Also present were Prime Minister Datuk Seri Anwar Ibrahim, Home Minister Datuk Seri Saifuddin Nasution Ismail and Human Resources Ministry secretary-general Datuk Seri Khairul Dzaimee Daud. Commenting further, Razarudin said KPDRM recorded a profit of RM50.14mil for the year 2024, compared to RM45.02mil in 2023. "This is influenced by the increase in the number of KPDRM members from 114,608 in 2023, to 119,922 in 2024, involving an increase of 5,314 people. "In this regard, the subscription capital also increased to RM586.6mil in 2024 compared to RM558mil in 2023, an increase of 4.9 per cent equivalent to RM28.6mil,' he said. In addition, Razarudin said the share capital also increased to 11 per cent equivalent to RM2.9 million from RM20.5mil in 2023 to RM23.04mil in 2024. At the ceremony, the Prime Minister also presented insurance compensation to nine relatives of Federal Reserve Unit (FRU) members who died in a road accident in Teluk Intan, Perak, in May. - Bernama
The Sun
a day ago
- Business
- The Sun
KPDRM declares over RM36 million in dividend
KUALA LUMPUR: Koperasi Polis Diraja Malaysia Berhad (KPDRM) announced a dividend distribution of 5.8 per cent for 2024 on subscription capital and 9.2 per cent on share capital to members, with a total distribution of RM36.14 million. KPDRM president and Inspector-General of Police Tan Sri Razarudin Husain said the distribution showed an increase of 0.3 per cent for subscription capital and 2.2 per cent on share capital compared to the previous year. 'In the cooperative's 97 years of existence, this is the first time such an impressive dividend has been distributed to KPDRM members,' he said when speaking in conjunction with KPDRM's 90th Annual General Meeting here today. Also present were Prime Minister Datuk Seri Anwar Ibrahim, Home Minister Datuk Seri Saifuddin Nasution Ismail and Ministry of Human Resources secretary-general Datuk Seri Khairul Dzaimee Daud. Commenting further, Razarudin said KPDRM recorded a profit of RM50.14 million for the year 2024, compared to RM45.02 million in 2023. 'This is influenced by the increase in the number of KPDRM members from 114,608 in 2023, to 119,922 in 2024, involving an increase of 5,314 people. 'In this regard, the subscription capital also increased to RM586.6 million in 2024 compared to RM558 million in 2023, an increase of 4.9 per cent equivalent to RM28.6 million,' he said. In addition, Razarudin said the share capital also increased to 11 per cent equivalent to RM2.9 million from RM20.5 million in 2023 to RM23.04 million in 2024. At the ceremony, the Prime Minister also presented insurance compensation to nine relatives of Federal Reserve Unit (FRU) members who died in a road accident in Teluk Intan, Perak, in May.
New Straits Times
2 days ago
- Business
- New Straits Times
Police cooperative announces RM36.14mil dividend payout
KUALA LUMPUR: The Royal Malaysian Police Cooperative Bhd (KPDRM) has announced an annual dividend payout of 5.8 per cent on subscription capital and 9.2 per cent on share capital to its members for financial year 2024, totalling RM36.14 million. Inspector-General of Police Tan Sri Razarudin Husain said this was the first time such a substantial dividend had been distributed to KPDRM members in the cooperative's 97-year history. "This dividend represents an increase of 0.3 per cent for subscription capital and 2.2 per cent for share capital compared to 2023," he said during the KPDRM Annual General Meeting at a hotel here today. The event was officiated by Prime Minister Datuk Seri Anwar Ibrahim, with Home Minister Datuk Seri Saifuddin Nasution Ismail also in attendance. He said KPDRM recorded a profit of RM50.14 million for 2024, compared with RM45.02 million in 2023.
