In the annual general meeting (AGM) held on May 21, Tay Bac Mineral Investment Joint Stock Co (coded KTB) has decided to delay 2010 dividend payment until 2013.
The company would not pay 2011 dividend.
In 2012, KTB expects to reach total revenue of 232.8 billion dong and net profit of 33.9 billion dong. The company would pay dividend at 10-15 percent rate.
The company has decided to lower the capital contribution in An Hong Phuong Joint Stock Co from 235.59 billion dong to 50 billion dong, and withdraw the mining warrants that previously KTB had contributed in that company.