He says that a key aim of the technostructure is to maintain its control over the company, and so it prefers financing via retained profits to bank borrowing; thus returns to shareholders are lowered to ensure the company does not risk its self-reliance.
32.
After tax, the loss was RM1.82 billion, wiping out the group's retained profits brought forward of RM530.99 million and resulting in accumulated losses of RM1.29 billion, said Sime Bank executive chairman and chief executive officer Tunku Tan Sri Ahmad Tunku Yahaya in a statement yesterday.
33.
On 17 June 2010, Inter bought him outright and bought back Biabiany for ?4.2 million each, which made Parma registered a " loss from co-ownership " of ?800, 000, as the retained profit of unsold half had decreased from ?5 million to ?4.2 million.
34.
"As the proposed bonus issue represents a capitalisation of the bank's share premium account and retained profits account, it does not have any effect on the earnings of the bank and the group, except the earnings per share will be correspondingly diluted as a result of the enlarged share capital,"
35.
After tax, the loss was RM1 . 82 billion, wiping out the group's retained profits brought forward of RM530 . 99 million and resulting in accumulated losses of RM1 . 29 billion, said Sime Bank executive chairman and chief executive officer Tunku Tan Sri Ahmad Tunku Yahaya in a statement yesterday.
