AIM to Pay Out 40% of Its Net profit as Dividends
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Mar 31, 2006 - The Star


PETALING JAYA: Advanced Information Marketing Bhd (AIM), a loyalty management business process outsourcing company, hopes to allocate 40% of its net profit for 2006 and 2007 as dividends.


Speaking at the launch of the company's prospectus on Wednesday, chief executive officer Nyan Koon Seng said: "We are in the business of loyalty management and believe the same principle works for our shareholders who have demonstrated their loyalty."

 
AIM is offering 35 million shares at 42 sen each for its proposed listing on the Mesdaq market, scheduled next month. One million shares are allocated for public subscription.


AIM expects the listing to raise RM14.7mil, of which the majority will be used for business expansion, research and development and the application of new technologies to its operations.

It has forecast RM41.6mil in revenue and RM9mil in net profit for the current financial year.