Kurnia Group
Kurnia Asia to maintain dividend policy
The STAR - Tuesday, February 6th, 2007
PETALING JAYA: Kurnia Asia Bhd plans to maintain its dividend policy for the current financial year (FY) ending June 30, 2007, said CEO and managing director Datuk Adrian Loh.
"We will maintain our dividend policy to deliver 40% to 60% of our profit after tax for 2006/07," he told StarBiz.
Kurnia Asia will release the results for its second quarter ended Dec 31, 2006, soon.
In another development, Kurnia Insurans, a wholly-owned unit of Kurnia Asia, has lodged police reports and informed regulatory bodies such as Bank Negara and the General Insurance Association of Malaysia on attempts by certain parties to smear the company's reputation.
Loh said in a statement yesterday that in recent weeks, certain parties had distributed flyers and sent text messages anonymously to Kurnia Insurans agents, customers and the public. He urged the public to ignore these flyers and text messages. He also asked its policyholders to call the 24-hour Kurnia Auto Assist hotline if they encountered any problem.
Kurnia Insurans is the country's largest general insurance company with gross premiums exceeding RM1bil.
The statement said as the market leader, Kurnia aspired to spearhead the development of the industry in a professional and fair manner. In the process, it was perhaps inevitable that the company would attract unnecessary attention and become the target of malicious acts, it added.
"Although such flyers have no credibility as they are undated and the writer is unnamed, we view the false allegation in the flyers and text messages very seriously as it not only induces fear in the public and smear the reputation of Kurnia but also damages the image and professionalism of the industry as a whole," Kong said.