The company plans to pay a final dividend of 1.2 cents, which will bring full year payout to 2 cents per share, representing a payout ratio of 45.4%.
Chemicals distributor and manufacturer Megachem (SGX:5DS
) has reported a 24.1% drop in earnings for FY2022 to $6.1 million, despite higher revenue.
The company enjoyed a 3.5% increase in revenue to a record of $143.7 million because of higher demand but higher interest costs, absence of government grants as well as poorer showing by its associates dragged the bottomline down.
