Quoting a Bursa Malaysia filing, The Edge reported that CI Holdings proposed a final dividend of 12 sen per share, 2 sen more than what was given last year.

This followed an improvement in revenue to RM900.15 million, a 20.88% increase from RM744.69 million previously.

The group attributed this to a 100% growth in average olein prices, moderated by a 25% decrease in full container loads (FCL) exported, and the ringgit strengthening by 4% against the US dollar.

“The effective management of the logistical issues experienced during this period is vital as the group exports more than 95% of its products to its customers in 117 countries,” it said.

The edible oil segment was the main contributor to CI Holdings’ revenue and net profit, contributing RM859.19 million to revenue and RM42.87 million to segment profits in the quarter.

Meanwhile, the group’s tapware and sanitary ware segments contributed revenues of RM4.96 million though it remained at a segment loss of RM200,000.

For the entire financial year, its net profit more than doubled to RM69.97 million from RM30.11 million in the previous year, while revenue increased by 22.22% to RM3.14 billion.

CI Holdings said it would continue its expansion plans for revenue growth for its edible oil operations, coupled with a tie-up with property developers for its tapware and sanitary ware divisions to boost shareholder value.

Its share prices grew 127.7% from RM1.84 to RM4.19 year-to-date, valuing the group at RM677.16 million.