Safoco allocates bonus shares at 50pct ratio

The management board of Safoco Foodstuff Joint Stock Co (coded SAF) announced to submit the plan of issuing bonus shares for existing shareholders in the coming annual shareholders meeting.



Accordingly, SAF will allocate 1,515,336 bonus shares at applied ratio of 50 percent, using the company’s fund for investment and development, capital surplus and the standby fund for raising chartered capital purposes.



In 2011, Safoco aimed to reach targeted pre-tax profit of 18 billion dong, after tax profit of 13.5 billion dong and to pay dividend at 20 percent.



Last year, SAF reported gaining net revenue of 427.72 billion dong, a year-on-year increase of 20 percent, and after tax profit of 15.4 billion dong, a slight increase in comparison with that of 2009.



The company’s annual shareholders’ meeting was expected to be held on April 8, 2011 at New World Hotel, No 76 Le Lai St, Dist 1, HCM City.

Tags: vietnam enterprices, Vietnam stock news

Posted by VBN on Mar 21 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