Sao Vang Rubber Joint Stock Co (STC listed SRC) will organise the shareholder meeting on March 23 to seek approval to allocate 2009 dividend in shares at a ratio 2:1 to raise its chartered capital from 108 billion dong to 162 billion dong, announced the general director Nguyen Cong An.
In 2009, SRC gained 1.093 trillion dong in revenue, profit after-tax of 117.3 billion dong, and a first phase dividend of 12 percent in cash.
This year the rubber processor plans to earn 1.2 trillion dong revenue, 40 billion dong in pre-tax profit and a dividend of 15 percent.
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