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This is not losses that you think.
Pls see QUARTERLY REPORT FOR THE QUARTER ENDED 30 JUNE 2022, Note 10.
Also see UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION under EQUITY AND LIABILITIES , share capital.
Throughout the years, hibiscs has parked unrealised losses (e.g. damages, warranty) in their balanced sheet. Hibiscs wants to offset this amount with their share capital from their Balance Sheet.
This doesnt have effect on the company EPS. EPS remains the same for FY22.
Excess from this exercise will be use for Share Buyback.
Hibiscs also mention by doing this, they are in better position to give more dividend in FY23. Hibiscs only have 1st tier dividend. One dividend per year.
cun tu, nak housekeeping the books.. with new board member (ex petronas VP) and dividend declared. its the right timing announcement. tadi banyak collect kat 0.865 tu. brent mcm cecah 92. ada chance nak gap x opening ni?
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