TDC maintains 2011 dividend at 20pct

The management board of Binh Duong Trading and Development Joint Stock Co (coded TDC) estimated to reach whole year revenue from sales and services of nearly 1.394 trillion dong, and after tax profit of 190.78 billion dong, fulfilling the targeted year plan by 83.5 percent and 91.4 percent respectively.

Although the company may fail to complete the targeted business year plan, the director board would still decide to pay dividend for existing shareholders at 20 percent at minimum in cash or in shares, following the resolution that had been approved in the annual general meeting previously.

As for 2012 business plan, the company set targets to reach whole year revenue of nearly 4.694 trillion dong and after tax profit of 206.23 billion dong.

The company’s management board has approved for contributing additional 267,100 shares valued at 2.67 billion dong at Viet Consulting Investment Construction Joint Stock Co to raise the holdings to 555,500 shares or 69.43 percent of total chartered capital. At the same time, the company would buy back 3.06 million shares from Industrial Investment and Development Corp to hike the holdings rates in Becamex Construction Materials Joint Stock Co (BecamexCMC) to 51 percent.

 

Category: Stocks