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.
