Century fibre producer to pay dividend and list in 2011

Soi The KY (Century Fiber) Joint Stock Co on March 6 approved the plan to pay a dividend of 15 percent to its shareholders and listing on its shares in 2011.

The firm plans to invest $12.1 million for the second stage of Trang Bang factory project that is due to be finished by Q2 of 2012. 70 percent of the investment capital will come from loans of financial institutions and 30 percent of responding capital is the firm’s ownership capital.

Last year SoiTheKy completed the first phase of Trang Bang factory project with a designed capacity of 11,000 tonnes of POY/DTY fiber annually, bringing total capacity of this firm to 25,000 tonnes a year. The first phase cost 371 billion dong.

This year SoiTheKy targets to reach revenues of 838.7 billion dong, up 65 percent year-on-year, pre-tax profit of nearly 94 billion dong, up 13 percent and an estimated dividend of no less than 15 percent in newly issued shares.

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Posted by VBN on Mar 28 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