Aqua product exporter plans to pay 2011 dividend at 40-60pct

The management board of Ben Tre Aqua product Import-Export Joint Stock Co (coded ABT) planned to submit the company’s business plans in 2011 with targeted production output of 9,000 tonnes of products, gaining net revenue of 700 billion dong, after tax profit of 85 billion dong and dividend payment at 40-60 percent.



The company will also seek for approval about using the unallocated profit of over 3.4 billion dong for dividend payment purposes in 2011.



According to the audited financial reports, in 2010, ABT estimated to reach total net revenue of 685 billion dong, surpassing by 24 percent against the year plan, after tax profit of 94 billion dong, and EPS of 8,079 dong.



The company paid 2010 dividend at 50 percent in cash and 20 percent in shares.

Tags: Vietnam business, Vietnam stock news

Posted by harryward on Mar 15 2011. Filed under Enterprises. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry