DTL lowers dividend to 20pct

03-May-2012 Intellasia | Vietstock | 1:34 PM Print This Post

Dai Thien Loc Joint Stock Co (coded DTL) has lately approved the proposal about paying 2011 dividend in cash, at an applied rate of 20 percent, much lower than the previous plan of 30-40 percent.

At the general annual meeting (AGM) held on April 28, 201, the company’s shareholders have passed the 2012 targeted year plan with total revenue of 2.5 trillion dong, up 35 percent against that of 2011, and net profit of 150 billion dong, down 7 percent year-on-year. DTL expects to pay dividend at over 25 percent, of which 15 percent would be paid in cash and the other in shares.

The shareholders have also approved for changing the Dai Thien Loc Tole one-member Co Ltd and DTL Mechanical and Construction one-member Co Ltd into two-member limited companies, in which DTL would contribute 50 percent of capital.

The company would invest over 300 billion dong in Song Than 3 Industrial Park project for 2013-2015 period.

 


Category: Stocks

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