Annual Report 2020

The Directors have pleasure in submitting their report and the audited financial statements of the Group and of the Company for the financial year ended 31 March 2020. Principal activities The Company is principally engaged in investment holding, whilst the principal activities of the subsidiaries are as stated in Note 35 to the financial statements. There has been no significant change in the nature of these activities during the financial year. Subsidiaries The details of the Company’s subsidiaries are disclosed in Note 35 to the financial statements. Results Group RM’000 Company RM’000 Profit for the year attributable to:  Owners of the Company 239,362 164,337  Non-controlling interests (395) — 238,967 164,337 Reserves and provisions There were no material transfers to or from reserves and provisions during the financial year under review except as disclosed in these financial statements. Dividends Since the end of the previous financial year, the Company declared on 26 July 2019 and paid on 20 September 2019 a final single tier dividend of 4.50 sen per ordinary share totalling approximately RM73,010,000 in respect of the financial year ended 31 March 2019. A final single tier dividend recommended by the Directors in respect of the financial year ended 31 March 2020 is 4.50 sen per ordinary share totalling approximately RM73,010,000 subject to the approval of the members at the forthcoming Annual General Meeting of the Company. Annual Report | 2020 QL Resources Berhad 94 Directors' Report For the Year Ended 31 March 2020