PUTRAJAYA: Permodalan Nasional Bhd (PNB) has announced an income distribution of 6.00 sen per unit for Amanah Saham 1Malaysia (AS1M) for the financial year ending September 30, 2017.
This involved a total payout of RM724.10 million which would benefit more than 390,000 account holders who owns 12 billion units, said PNB Group Chairman, Tan Sri Abdul Wahid Omar.
“AS1M recorded a net income of RM600.47 million, a 16 per cent growth from RM517.28 million in 2016, which was attributed to a stronger domestic equity market performance, particularly in the finance and services counters,” he said at a media briefing on PNB’s third-quarter performance and AS1M income distribution, here, today.
Abdul Wahid said: “We are pleased to have sustained the dividend level for AS1M and the fund’s stronger financial performance would allow us to build additional reserves to support future distribution”.
Meanwhile, Abdul Wahid said PNB recorded a net income of RM10.05 billion up to Aug 31, 2017, a growth of 8.8 per cent compared to the same period last year, while its assets under management (AUM) rose 4.2 per cent to RM268.6 billion.
“Out of the total AUM, unit trust funds constituted RM228 billion while the remaining RM40.6 billion are the company’s proprietary funds,” he added.
Its wholly owned subsidiary, Amanah Saham Nasional Bhd (ASNB)'s unit trust funds now have over 13 million accounts with almost 217 billion units in circulation (UIC).
The group also announced that several major corporate exercises are expected to be completed by the end of the year, in line with its PNB STRIVE-15 Strategic Plan.