PNB declares 6.6 sen income distribution for AS1M

Permodalan Nasional Bhd (PNB) has announced an income distribution of RM664.22 million for the financial year ending Sept 30, 2014 to 376,631 unitholders of Amanah Saham 1Malaysia (AS1M).

The income distribution, at 6.60 sen per unit, was 13% higher than the previous year.

PNB chairman Tun Ahmad Sarji Abdul Hamid said up to Sept 22, 2014, the AS1M fund achieved a gross income of RM787.23mil, with profit from sale of shares in companies contributing a total of RM436.89mil or 55.5%.

"Dividend income from investment in companies contributed RM231.45mil or 29.4% to the gross income," he told the media when announcing the income distribution for AS1M on Wednesday.

He added that some RM118.89mil or 15.1% was derived from investment in short-term instruments and other incomes.
Meanwhile, PNB president and group chief executive Tan Sri Hamad Kama Piah Che Othman said the group had the capacity to distribute income at 8.40 sen a unit.

"However, the management has agreed to distribute the income at 6.60 sen a unit to ensure continuous returns to AS1M unitholders," he told a press conference.