KUCHING: The Koperasi Koperkasa Sarawak Berhad (KOPERKASA) has generated RM10,192,975 nett profits for 2019 and RM8,852,377 for the year 2020.
Its chairman Fathi Hambali said the nett profit earnings for 2021 had yet to be audited.
“Our net profits are strong and which we should be proud of and we are also maintaining its momentum. I believe that our profits for 2021 should be also similar as the previous years.
“We are also updating our members’ data and we can carry that out online. We hope that our KOPERKASA is the biggest and leading co-operative in Sarawak,” he said at a press conference here yesterday on the co-operative’s results for 2019, 2020 and 2021.
He added that KOPERKASA had also obtained an approval from the state government to deduct its members’ salary through the Coding 76 in January last year and this has, indirectly, also increased new membership.
Currently, KOPERKASA has 25,137 members and Fathi said it was targeting to have 30,000 members in two years’ time.
He disclosed that its core business was credit lending and offers the smallest interest rate of 2.5 per cent to its members.
He said members were allowed a limit of RM50,000 investment in the cooperative.
On dividends, Fathi said the cooperative had paid a sum of RM5.015 million in dividends to its members in 2018, RM5.869 million in 2019 and RM6 million in 2020.
Meanwhile, KOPERKSA’s general manager Jaya Suria said the co-operative would hold its annual general meeting on Feb 26.
Members from Kuching, Sibu and Miri are expected to attend the AGM to be held at Demak.
He said the cooperative will adhere strictly to the SOP and will also include the self- test kit antigen as part of its SOP during the AGM.
