NagaCorp Approves Dividend for 2022 in the Form of Scrip Shares
On April 24, 2023, NagaCorp Ltd shareholders approved the payment of a final dividend of US$0.0075 per share for the calendar year 2022. The decision was made at the annual general meeting and was previously announced in February. The Hong Kong-listed firm stated that the dividend payout would be made wholly by way of scrip shares without offering any right to shareholders to elect to receive such dividend in cash in lieu of such allotment. NagaCorp has a long-life casino monopoly in the Cambodian capital, Phnom Penh, operated via its NagaWorld complex of gaming, hotel, and shopping facilities. In July, the company declared an interim dividend of US$0.0073 per share, also by way of scrip shares. The firm did not pay any dividend last year. For full-year 2022, NagaCorp had reported a net profit of nearly US$107.3 million, compared to a loss of US$147.0 million in the prior year. Friday’s meeting also confirmed the re-election of company chairman Tim McNally, as a non-executive director.
Source: GGRAsia.com
