CMV plans to pay dividend to existing shareholders

Ca Mau Trading Joint Stock Co (coded CMV) has lately released the resolution approved by the management board. In details, the company’s leaders have approved for paying 2011 dividend – the third round in shares at applied rate of 8 percent or each shareholder who owns 100 shares will receive 8 new shares.

At the same time, the company would advance first round dividend in cash at 7 percent rate or 700 dong per share for existing shareholders.

CMV has set July 2, 2012 as the registration deadline to close the shareholders list and August 2 of payment date.

The company’s management board has also approved for setting up credit relationship with HSBC Vietnam one-member Bank Ltd and Sacombank Ca Mau. CMV’s general director would be authorised for borrowing capital from the two banks.

In Q1, the company reported gaining net revenue of over 1.113 trillion dong, increasing by 12.4 percent against the same period last year, however, the pre-tax profit declined by 16.43 percent to 10.247 billion dong.

 

Category: Stocks