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The company's Annual General Meeting held on 5 April 2019 authorised the board to decide on the acquisition of up to 1,300,000 own shares using EAB Group's own unrestricted and distributable equity.
With this declaration of Surplus, PQFTL is the only Takaful operator in Pakistan to declare distributable Surplus for Individual Family Takaful in all eleven years of its operations.
Distributable Cash Flow of $5.2 million for the three months ended June 30, 2019, compared to $3.1 million for the three months ended June 30, 2018, representing a 68% increase.
The Partnership reaffirms its full-year 2019 adjusted EBITDA guidance range of $140.7 million to $148.7 million and full-year 2019 distributable cash flow guidance range of $92.0 million to $100.0 million, prior to any distributions attributable to incentive distribution rights paid to our general partner, as provided in our May 8, 2019 earnings release.
the total revenue distributable for the current month (including vat and exchange gain) is n762.597 billion.
However, since it has negative distributable reserves, the firm is prohibited from making distributions to shareholders, including the payment of dividends.
Under its franchise, SPSB will construct, install, establish, operate and maintain distributable power technologies and mini-grid systems throughout the Philippines to improve access to sustainable energy.
Speaking at the investor briefing on Friday, Makhoba said the delayed refunds contributed to the fall in distributable reserves by Sh14.5 million in the year ended December 31, 2018.
'At no time did EY opine on the appropriateness of the declaration of distributable profit as dividend pursuant to the Tabung Haji Act 1995,' it added.
- Xinyi Energy will adopt a high dividend payout policy after listing of not less than 90% of distributable income each year, with an intent to distribute 100% of that income in respect of each year.
Distributable cash flow attributable to the limited partners for the second quarter of 2018 was $66.6 million compared to $56.4 million for the first quarter of 2018.
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