KDC to pay bonus shares at 20pct ratio

Vietnam Securities Depository Centre (VSD) has recently announced about the bonus share issuance of Kinh Do Joint Stock Co (coded KDC).

Accordingly, the ex-interest date is on August 29 and the registration deadline to close the list of shareholders is on August 31.

The company will pay bonus shares at the ratio of 20 percent whereby shareholders holding five shares will receive one new share.

KDC now has 132 million shares in circulation. The company will issue about 26.4 million bonus shares this time.

In 2012, the company plans to retain dividend payout at 24 percent in cash like 2010 and 2011.

Ending the second quarter of 2012, KDC reached 409.6 billion dong revenue and suffered 39.2 billion dong after tax profit due to its wholly capital divestment from Nutifood Nutrition Joint Stock Co (Nutifood JSC) and KDC recorded all its loss in this quarter’s fiscal statement.

Cumulatively, in Jan-Jun, KDC reached 792 billion dong revenue, down 6.5 percent on year and after tax profit at 278.5 billion dong, surging sharply by 269 times against the figure of the same period last year mainly thanks to its revenue from financial activities with a soar of 10.7 times and a year-on-year decrease of 1.45 times in costs for sales.

 

Category: Stocks