KUALA LUMPUR (April 17): Crest Group Bhd (KL:CREST), which was listed on the ACE Market in October, has declared its maiden dividend of 0.38 sen per share.

The payout, for which the entitlement date will be declared later, would amount to RM3.29 million, based on the imaging company's share base of 865.6 million shares.  

At its last close of 16 sen per share, the payout would translate to a dividend yield of 2.38%.

Crest Group is principally involved in the provision of imaging, analytical and test solution used primarily for quality inspection, sample analysis and research and development to a wide range of industries including semiconductor, electrical and electronics, academic, automotive, oil and gas, aviation, life sciences and healthcare.

Listed at 35 sen per share, the counter has since lost 54% of its value since its initial public offering.

In the financial year ended Dec 31, 2024 (FY2024), Crest Group's net profit fell 40.98% to RM10.76 million from RM18.23 million in FY2023, dragged by weaker sales, listing expenses and a write-down on inventories.

Full-year revenue fell 2.47% to RM182.99 million from RM187.62 million.

At 16 sen, the counter has a market capitalisation of RM138.5 million.