GIL’s dividend policy is to pay a consistent and sustainable dividend to shareholders after taking into consideration GIL’s profit, retained earnings and requirements for future growth.

The Board strives to maintain a balance between shareholders’ expectations and prudent capital management with a sustainable dividend policy. In balancing the need for a satisfactory return to shareholders against the Company’s investments requirements to ensure sustainable growth, the Company’s dividend policy does not adopt any quantified dividend targets or fixed payout ratios.

The Company expects to pay dividends on a half-yearly basis, subject to financial performance and unforeseen market conditions. The Board will declare or recommend dividends where it considers that doing so is appropriate, having regard to the availability of distributable profits, reserves and cash, working capital requirements, projected capital expenditure, and investment requirements.

The Board will review the dividend policy from time to time and reserves the right to modify and update the policy.

Shareholders and investors of the Company should note that the dividend policy is not indicative in any way of, and should not be construed in any manner as a forecast statement or projection made by the Company or the Board, on the future financial results and performance of the Company. In particular, no inference should be made from any of the foregoing statements as to the actual future profitability of the Company or the ability of the Company to pay dividends.

For details of GIL’s dividend track record, please refer to the following link.