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FPT Telecom to pay 50% stock dividend

Update: April, 10/2018 - 17:00
In its annual shareholders’ meeting in late March, FPT Telecom approved the plan of distributing the undistributed profit with a dividend payment scheme of 30 per cent in cash and 50 per cent in the form of shares. — Photo capquangfpt.com.vn
Viet Nam News

HÀ NỘI – FPT Telecom Joint Stock Company will pay shareholders stock dividend at the rate of 50 per cent for 2017’s business result, the company announced.

The list of shareholders participating in this payout will be finalised on April 20.

The telecom arm of the FPT Group is expected to issue some 75.4 million shares to pay dividend this time.

Shares of FPT Telecom, which are trading on Unlisted Public Company Market with the code FOX, rose 6.5 per cent on April 10 to VNĐ85,000 (US$3.73) per share after the announcement.

In its annual shareholders’ meeting in late March, FPT Telecom approved the plan of distributing the undistributed profit, which reached VNĐ1.2 trillion ($52.6 million) by 2017-end, with a dividend payment scheme of 30 per cent in cash and 50 per cent in the form of shares.

The company paid the 30 per cent cash dividend last year.

In 2018, the telecom firm targets a total revenue of VNĐ8.67 trillion, up 13.3 per cent year-on-year, of which core business lines – telecom and advertising services – are projected at VNĐ8.1 trillion and VNĐ570 billion, respectively.

Its pre-tax profit is expected to reach nearly VNĐ1.4 trillion, a rise of 14.6 per cent against 2017. – VNS

 

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