TDH adjusts to raise dividend rates to 20pct in cash

Thu Duc House Joint Stock Co yesterday held the annual general meeting to seek approval for raising the dividend payment in cash from 18 percent to 20 percent in 2010.

In details, the company reported gaining total revenue of 760.2 billion dong, surpassing by 7.2 percent against the year plan and after tax profit of 238.7 billion dong, surpassing 23.2 percent.
This year, TDH set targets of gaining whole year revenue of 832.4 billion dong, a year-on-year increase of 9.5 percent. However, the company’s targeted pre-tax profit declined by 35 percent against that of 2010 to 212.9 billion dong. The company still planned to pay 2011 dividend at 20 percent.

In order to maintain investment capital for projects in 2011-2012, TDH would withdraw capital in stock investment activities in case TDH fails to issue 300 billion dong corporate bonds in 2011.

 

Category: Stocks