KUALA LUMPUR: Furniture maker Eurospan Holdings Bhd yesterday declared a special dividend of 20 sen for the financial year ending May 31, 2025.
Ex-entitlement date for the dividend will be on July 24, 2024, while payment of the dividend will be made on Aug 05, 2024.
Datuk Seri Tan Han Chuan, the son of Spanco's chairman Tan Sri Robert Tan Hua Choon, recently upped his stake in the company to 73.99 per cent.
His unconditional mandatory takeover offer of shares in Eurospan at RM1.70 a share closed on July 5, 2024.
Eurospan turned a profit for the nine-month ended Feb 29, 2024, posting a net profit of RM1.2 million, compared with a net loss of RM3.9 million due to the gain on disposal of properties during the financial period.
This was on 39 per cent lower revenue of RM18.3 million.
Eurospan said in its latest financial results announcement that the global market remains uncertain with the on-going Russia-Ukraine War and the rising of global inflation rate and interest rate. "The group foresees a more challenging business environment for financial year ending May 31, 2024. However, the group will continue its effort in mitigating the impact on its operating results," it said.
Eurospan's share price last traded at RM1.80 a share, giving it a market capitalisation of almost RM80 million.