KOTA KINABALU: Suria Capital Holdings Berhad and its Group of Companies (SuriaGroup) recorded total revenue of RM258.51 million in its 2016 financial year, as compared to RM496.65 million the previous year.
Suria Capital Holdings Berhad chairman Datuk Faisyal Yusof Hamdain Diego said the higher total revenue and pre-tax profit in 2015 were due to recognition of non-recurring property development income which contributed RM229.2 million or 46 per cent of the revenue in that year.
He added that the Group's main core port operations remain stable with revenue registered at RM217.8 million in 2016, which is almost on par with 2015, at RM217.2 million.
"There was an improvement in overall throughput to 28.7 million metric tonnes from 22.9 million metric tonnes, mainly contributed by bulk oil throughput at anchor for operations at the Sabah Oil and Gas Terminal in Kimanis.
"However, total tonnage handled at the wharf dropped by 9 per cent, mainly attributed to the decline in palm oil (production) and general throughput," Faisyal said in a statement, adding that total containers also declined by 2 per cent to 357,386 TEUs from 361,185 TEUs.
Meanwhile, Suria Capital Holdings Berhad’s property development income was derived from the disposal of a port land; while other revenues were from Jesselton Point Ferry Terminal and Kota Kinabalu International Cruise Terminal operations, retail outlets, an indoor soccer centre and the handling of cruise ship passengers at Kota Kinabalu Port.
For the financial year ended 31 Dec last year, Suria has declared a dividend of 7 sen per share, amounting to RM8.6 million, paid on Jan 20.
"The total dividend pay-out declared to our shareholders represents 30.3 per cent of profit after tax for the year 2016," Faisyal added.