VQC to pay 2011 dividend at 30pct

UPCoM-listed Vinacomin Quacontrol Joint Stock Co (coded VQC) reported gaining 106.3 billion dong revenue, or 116.8 percent of the year’s plan and 22.92 billion dong pre tax profit in 2011, or 133.3 percent of the year’s plan.

The company paid 30 percent dividend in cash, marking the highest level in the past six years (since transferring from a state-owned company to be a joint stock company).

In 2012, the company targets 97.02 billion dong revenue, or 91.3 percent from 2011′s actualised figure, and 16.15 billion dong profit, down 46 percent from 2011′s figure.

VQC also plans to pay 17 percent dividend in 2012 while it was 30 percent in 2011.

 

Category: Stocks