Detergent producer pays dividend and allocates bonus shares

The northern bourse-listed Net Detergent Joint Stock Co (coded NET) held the annual shareholders meeting on March 13, 2011 to seek approval for raising chartered capital from 45 billion dong to 80 billion dong. The company planned to pay dividend in cash at 50 percent ratio.



Attending the shareholders meeting, the shareholders passed the proposed plan of hiking chartered capital, including allocating bonus shares from the company’s fund for investment and development of 7 billion dong, paying dividend in shares from after tax profit of 28 billion dong. The applied ratio would be 9:7.



In 2010, NET reported gaining net revenue of 493 billion dong and net profit of 81.2 billion dong, equivalent to EPS of 18,108 dong.



The company’s shareholders also approved for paying 2010 dividend in cash at applied ratio of 50 percent. Previously, the company had advanced first round dividend at 12 percent for existing shareholders.

Tags: Vietnam business news, Vietnam companies

Posted by jacklynwoodward.a 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