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FOCUS POINT FORGES AHEAD WITH EXPANSION PLANS FOR 2011
 
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Kuala Lumpur, 8 June 2011 - Focus Point Holdings Berhad (Focus Point), the largest chain of professional eye care centres here in Malaysia, held its first Annual General Meeting (AGM) as a public listed company and presented the Group’s annual report to its shareholders at Tropicana Golf & Country Resort today.

“I am pleased to present to shareholders the Group’s positive results for the last financial period and report that we are on the right track to achieve greater success through the company’s expansion plans. Despite the challenging market environment last year, we were able to record a consolidated net profit of RM6.2 million on the back of RM74.6 million in revenue for the financial period ended 31 December 2010” said Dato’ Liaw Choon Liang, President/CEO of Focus Point.

In conjunction with the positive results in financial period ended 31 December 2010, Focus Point had earlier this year proposed an interim single tier dividend of 1.5 sen per share to reward shareholders who have faithfully supported the Group since its listing on Bursa Malaysia Securities Berhad in August 2010.

At the AGM, shareholders also approved a final single tier dividend of 0.5 sen per share for the reporting financial period, bringing the total dividend payout for financial period ended 31 December 2010 to 2 sen per share.

Dato’ Liaw looks forward to improving the Group’s result even further in the current financial year. “We are anticipating sustained growth at both franchised outlets as well as our self-owned outlets. Earlier this year, Focus Point signed a Memorandum of Collaboration (MoC) with Perbadanan Nasional Berhad (PNS), laying out a collaborative action plan for both the company and PNS in developing and promoting the Focus Point Franchise Programme to Bumiputera entrepreneurs. “

Under the collaborative plan, PNS will offer a financing scheme known as Focus Point Financing Facility to Bumiputra entrepreneurs while FPM will assist the franchisees by transferring business know-how and helping them to develop entrepreneur skills.