AWC poised to give out special dividend on strong reserves

PETALING JAYA: Engineering services provider AWC Bhd is in a position to dish out a special dividend, given its strong cash position, said CIMB Research in a report.

The report noted that AWC’s net cash position as at March 2016, which works out to 24 sen per share, is unencumbered and in excess of operational requirements, which gives AWC substantial scope for special dividends, given that it has already locked in concession rates for the next 10 years.