2009 Annual Report - ChartNexus
2009 Annual Report - ChartNexus
2009 Annual Report - ChartNexus
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Chairman’s Statement<br />
46<br />
to take our successful Saga and Persona models into international markets; launch of product<br />
refreshers, namely the Persona SE and Satria Neo CPS; and commitment for powertrain<br />
development, further product refreshers, as well as new product introduction.<br />
In addition, PROTON has received an R&D grant from the Government amounting to<br />
RM81 million, under the National Automotive Policy (NAP), in recognition of the Group’s<br />
investment in R&D amounting to RM162 million.<br />
Dividends<br />
An interim dividend of 5 sen (less income tax) was declared on 27 November 2008 when<br />
PROTON announced the financial results for the second quarter ended 30 September 2008.<br />
The said dividend was paid to shareholders on 14 January <strong>2009</strong>.<br />
In view of the need to ensure that PROTON is viably strengthened and able to achieve longterm<br />
and sustainable growth, the Board of Directors is not recommending the declaration<br />
of any further dividends for the financial year ended 31 March <strong>2009</strong>. With improved<br />
profitability in the future, the Board expects to once again be able to recommend a suitable<br />
dividend payment.