Rafizi said according to the LTAT’s 2016 financial report, the board recorded a RM120 million share impairment. However, it was not clear which companies were involved.
“It’s a shame because their revenue for 2016 (RM811 million) was higher than in 2015 (RM767 million), and if it were not for the RM120 million loss, they could be paying higher dividends,” Malaysiakini quoted Rafizi as saying.
He said the board paid out a combined dividend and bonus of 12% to its contributors for 2016, the same rate it had paid out in 2015.
“I have filed a parliamentary query to determine which companies LTAT has made a loss in, but I have yet to get a reply,” he said.
According to parliamentary rules, written replies to questions that could not be asked on the House floor due to time constraints are usually issued within a month after the last sitting.
The last parliament session ended on Aug 3, 2017.