DPM’s dividend payment planned at 20pct

With business results of 1.47 trillion dong of profit or 136 percent of the year’s plan and 6.66 trillion dong of revenue of 129 percent of 2009′s target, Hochiminh Stock Exchange (STC)-listed PetroVietnam Fertiliser and Chemical Co (DPM) plans to pay minimum 20 percent dividend for 2009.

For 2010, DPM targets to reach 740,000 tonnes of urea production output and join exporting and importing of about 200,000 tonnes of fertiliser.

As predicted, the country’s total demands of urea in Q1, 2010 would be 600,000 tonnes while DPM’s production capacity and stockpiled quantity will be over 670,000 tonnes, ensuring the demand of the market.

 

Category: Stocks