Timestamp 10.38pm "blog" : I reckon there is an error in Sarin's "Notice of book closure date for dividend" announced on 13 Feb 10.24pm which stated the final dividend rate at $0.0075 cents whereas both its results announcement and press release mentioned it as $0.01 cents.
Timestamp 11.17pm : Sarin re-announcing "Notice of book closure date for dividend"; dividend rate now corrected to $0.01 cents.
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Sarin achieves record performance in FY 2011:
Revenues +27% to US$57.8 million
Net Profit +56% to US$17.4 million
- Robust Q4 2011 year over year growth with revenues up 51% to US$14.1 million and net profit up 271% to US$4.8 million.
- Q4 2011 performance driven by overall positive business sentiment and strong deliveries of GalaxyTM-related and planning systems.
- Thirty-four GalaxyTM related systems delivered in FY2011, with year-end installed base of well over 50; GalaxyTM related revenue over 25% of FY2011 revenue, of which half of recurring nature.
- Final dividend of US1.0 cent declared, bringing full year FY2011 total dividend to US3.25 cents; Dividend yield approximately 5%.
Dividend Policy: The Board of Directors has recommended to increase the dividend policy going forward by 25%, whereby, instead of US cent 1.00 per ordinary share every six months, a fixed dividend of US cents 1.25 per ordinary share will be paid every six months, subject to semi-annual Board approval, the Annual General Meeting‟s approval and subject to business conditions, financial results, other pre-empting uses of funds, statutory and tax issues, etc.
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