CIS announces RM25 million dividend payment for FY2024
KOTA KINABALU (July 15): Cement Industries (Sabah) Sdn Bhd (CIS) announced a dividend payout of RM25 million to its shareholders for the financial year 2024, reflecting the company's solid financial performance and ongoing commitment to growth and good governance.
The dividend was officially presented by CIS general manager Sumardi Mohd Yusof during the company's second board meeting of 2025. The presentation ceremony was witnessed by CIS chairman Datuk Japlin bin Akim, along with the Board of Directors.
Of the total dividend, Sabah Economic Development Corporation (SEDCO) and Sabah Ports Authority (SPA), representing the Sabah State Government's interests, collectively received RM17.5 million, while Tasek Corporation Berhad received RM7.5 million.
This strong dividend performance is underpinned by CIS's audited net profit of RM36.7 million in FY2024, and continued positive momentum with RM33 million in net profit recorded for the first half of 2025.
CIS's enhanced profitability and improved cement supply performance are the result of strategic actions undertaken over the past year, including:
Strengthening of its tendering and procurement Standard Operating Procedures (SOPs), encouraging open tender participation without prejudice to foster fairness and competition.
Implementing enhanced corporate governance practices, including a transparent tendering committee and a board comprising independent technical professionals.
Reinforcement of its management team by recruiting capable young professionals, while investing in ongoing leadership training and succession planning.
Executing major plant upgrades and improving maintenance protocols, significantly reducing downtime and ensuring consistent cement supply to meet market demand.
Delivering measurable results, substantial improvements in financial performance as well as competency of the CIS management team has led to this year's RM25 million dividend payouts to shareholders.
The board and management of CIS, led by Sumardi and the newly appointed SEDCO Group General Manager, Datuk Ar. James Wong, reaffirm their commitment to strong, transparent, and accountable corporate governance. Looking ahead, CIS is confident in its ability to sustain profitability and continue delivering increased value to its shareholders, especially to the State of Sabah.
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