First and Final Tax-Exempt Dividend of 0.45 sen per ordinary share

EX-date 06/11/2013
Entitlement date 08/11/2013
Payment date 29/11/2013

Iris gets RM40m Felda contract

Iris Corp Bhd announced that it has clinched a RM39.99 million contract from the Federal Land Development Authority (Felda).

In a filing to the stock exchange, Iris, a digital-identity specialist, said it will build an integrated community centre in Negeri Sembilan for Felda.

The project comes under Iris’ Sentuhan Kaseh modern-rural project which is located in Felda Palong 21, Wilayah Raja Alias, Negeri Sembilan.

"The above mentioned SK Palong project will not have any material effect on ICB’s (Iris) net assets per share for the financial year ending on 31 March 2014 but is expected to contribute positively in the future," Iris said.

Iris said the project which had commenced since Oct 1 this year, is due for completion by January 28 next year.

what you mean?

oic

yea, felda got some stake in this company

Felda took the Private Placement shares (25%) of the issued and paid up share capital

http://announcements.bursamalaysia.com/EDM...%28Final%29.pdf

I now I know after reading the Private Placement announcement.

Felda are Not listed, only Felda Global Ventures (FGV) are listed

I'm confuse with your statement

IRIS Corp signs RM793.21 mln BOT agreement with Guinea

Iris Corporation Bhd (ICB) has entered into a RM793.21 million Build-Own-Transfer (BOT) agreement with Guinea, to supply and implement secure chip technology solutions and its related software and hardware.

The contract is for 15 years, the company said in a filing to Bursa Malaysia today.

Under the BOT project financing model, ICB will build and own the information systems, software and hardware under the contract, during the term only and upon expiration, ownership of the same will be transferred to the client.

"The company will finance the cost of design, procurement, supply, manufacture, testing and commissioning of the products, and provide maintenance and operational support during the term.

"The operations of the information system shall be undertaken by the client and hence, this is termed a BOT model," said ICB.

It said, implementation of the contract would be funded by internally-generated funds and bank borrowing.

Iris 2Q profit rises 18%

Iris Corp Bhd’s net profit rose 18% year-on-year to RM7.3 million in the second quarter ended September 30, 2013 from RM6.2 million. Revenue climbed to RM131.4 million from RM124.5 million.

In a statement to Bursa Malaysia, Iris, a digital-identity specialist, said the higher interest cost, besides depreciation and amortisation had curbed profit growth.

Iris said its core business in digital idenfication, besides the group's electricity-generation operations reported higher revenue.

For the half-year period, Iris' net profit rose to RM14.9 million from RM14.5 million a year earlier while revenue climbed to RM265 million versus RM227 million.

Iris is optimistic of its core business. "For the coming financial year 2014, the prospects for the core business remain bright.

“The division’s revenue is expected to be derived mainly from the trusted identification projects, namely Malaysia e-Passport inlays, Nigeria e-Passport inlays, Tanzania e-ID cards project and Bangladesh MRP Passport project," Iris said.

maybe got some "good" news coming soon, contract from Felda again?

Why I got the feeling of "force" buy-over from Felda or other Gomen link companies. Read somewhere they are accumulating the shares from the open market & now owns over 26%.

The modus operandi looks very familiar to the one recently

No "official" announcement yet, it's just my feeling only. my personal opinion

Iris ventures into property development in Solomon Islands

Iris Corp Bhd (ICB) has acquired a controlling stake in a Solomon Island-based firm which has proposed to undertake a mixed property project there.

ICB said in a statement to Bursa Malaysia today that it has subscribed for 51% of JR Development (SI) Co Ltd (JRD) for Solomon Island Dollars (SBD) 6 million (RM2.97 million) through ICB's subsidiary, Iris Land Sdn Bhd (ILSB).

ICB said the acquisition of 10,408 rights shares in JRD will be financed by internally generated funds.

With the subscription, ILSB will participate in a project to develop residential, commercial, retail and industrial units on 40ha (100 ha) of land in Mamara within the Honiara area in the South Pacific nation.

“The subscription will enable the ICB Group to expand its construction and property development business overseas to an international level,” said ICB.

In an interview with The Edge Malaysia Weekly in November last year, Datuk Tan Say Jim, the managing director of ICB, said the group expected to enter into a joint venture with a Malaysian group from Sarawak that owns 1,000ha of beach-front land near Honiara, with 100ha of land to be developed in the first phase.

Sources: MPay, Iris among 4 firms bid to manage Tourist Refund Scheme

AT LEAST four parties, two of which are listed on Bursa Malaysia, have submitted proposals to manage Malaysia’s Tourist Refund Scheme (TRS) and the outcome is likely to be announced after Chinese New Year, say sources.

The refund of the Goods and Services Tax (GST) to foreign tourists is crucial as Malaysia is working on establishing itself as an international shopping haven. A GST of 6% will be imposed beginning April 1, 2015.

Sources say the bidders have each tied up with an international group as the tender requires that the company, which will essentially build, operate and own the system, must have at least five years’ experience in tourist refund. And the majority stake of 51% in the joint-venture (JV) company must be held by a local.

Apart from ACE Market-listed ManagePay Systems Bhd (MPay), which made an announcement on Dec 9, 2013, that it had entered into a partnership with South Korea’s Global Tax Free Co Ltd (GTF) to bid for the deal, The Edge understands that the other listed bidder is ACE Market-listed firm Iris Corp Bhd, which is in partnership with Swiss-based Global Blue.

The other two parties are believed to be Salihin Consulting Group Sdn Bhd, which is in partnership with Innova Taxfree Group of Spain, and Islah Wawasan Sdn Bhd, which has formed a JV with Premier Tax Free of Ireland.

It is understood that the winning company could potentially make RM50 million in revenue in the first year of operation, and double that in 2019.

In the case of Iris, should it be selected, the additional revenue stream in the first year would account for about one tenth of its revenue recorded in its financial year ended March 31, 2013, at RM537.07 million. It made a net profit of RM21.06 million.

The party appointed to handle the TRS will operate for five years, after which its contract will be renewed or terminated.

Bidders also had to propose a fee that they plan to impose on the foreign tourists and the government, if any, as well as the forecast tourist expenditure for the 2015 to 2019 period and the amount of GST to be refunded to tourists over the five years. In addition, they had to provide a forecast of their capital expenditure and operational expenditure for the five years.

IRIS aims to win back MyKad contract at any cost

IRIS Corp Bhd, the creator of the MyKad, aims to win back the MyKad contract at any cost, said its Chief Executive Officer for Trusted Identification Division, Datuk Hamdan Mohd Hassan.

Hamdan said that the company lost the contract in 2010, as the rival offered competitive pricing.

"Yes, we want the contract, which was taken away from us. The company held it from April 2001 until 2010," he told Bernama.

He said, it was also not because IRIS could not adhere to the standards required, but that they were lowered.

"When MyKad was introduced, we installed eight utility applications in the card — among them, automated teller machine, Malaysian Electronic Payment System and Touch ‘N’ Go. The current contract holder has fewer now," he said.

Hamdan said that IRIS wanted the government to open the tender, rather than to extend it for existing holder.

"IRIS wants to compete and bid for the contract at much lower cost," he said

On what IRIS could add to the MyKad, if it won the contract, Hamdan said that the company would include health records.

"We want to offer new versions of the cards," he said.