Viglacera Tu Son plans 2010 dividend payment at 55pct in shares

Viglacera Tu Son Joint Stock Co (VTS) has recently announced the resolution of the annual shareholders’ meeting 2011 held successfully on March 19 whereby the meeting agreed the business results in 2010 with 79.2 billion dong of revenue and pre-tax profit of 18.65 billion dong.

With this figures, the company passed 2010 dividend payment plan at 55 percent in shares to hike its chartered capital.

In 2011, VTS targets to bring 103 billion dong in revenue (a year-on-year rise of 30.05 percent) but pre-tax profit at only 17 billion dong, falling 8.83 percent from 2010′s actualised figure.

The ceramic maker also plans to scale up its chartered capital by at least 20 billion dong at the suitable time in 2011 via the 2010 dividend payment in shares at the ratio of 100:55.

The shareholders’ meeting also agreed to contribute 1.25 billion dong to set up Viglacera Can Loc Ha Tinh Brick Joint Stock Co and minimum 5 billion dong to carry out the Vlinker Viglacera brick factory project.

Tags: Vietnam business