Điện Quang Lamp JSC to increase dividend rate

Workers at a Dien Quang JSC. The company aims to obtain revenue of VND1.1 trillion and profit before tax of VND230 billion. — VNA photo

HÀ NỘI Viet Nam News -— The HCM City- based Điện Quang Lamp JSC (DQC) will increase its dividend rate of 2015 by 15 per cent to reach 35 per cent.

Currently, the company pays a 15 per cent cash dividend. DQC intends to offer a 10 per cent cash payout ratio, while the rest of the payment will be made in shares.

In 2015, DQC earned VNĐ1.082 trillion (US$48.4 million), 14 per cent lower than its target. However, the company reported a pre-tax profit of VND268 billion, 34 per cent higher than their target.

In 2016, the company aims to obtain revenue of VNĐ1.1 trillion and profit before tax of VNĐ230 billion. — VNS

Tags Điện Quang payout ratio

Ministry warns about frauds when doing trade with partners in UAE

Economy

Hà Nội promotes development of private economic sector

Economy

Incentive policy drafted to promote settlement of weak credit institutions

Economy

Việt Nam attends Asia’s biggest food, hospitality expo in Singapore

Economy

Hòa Phát steel products certified to meet greenhouse gas inventory standard

Economy

HCM City could issue bonds for overseas Vietnamese to fund infrastructure: conference

More on this story

Economy

Coalimex to list shares on HNX

The Coal Import and Export Joint Stock Company (Coalimex) will list its 11 million shares on the Hà Nội Stock Exchange (HNX) from April 15.

Economy

VN’s growth forecast lowered to 6.2% in 2016

Việt Nam is still enjoying strong growth prospects among the large developing ASEAN economies, but its economic growth is expected to be moderate at 6.2 per cent this year, the World Bank (WB) said.

Economy

South takes lead in attracting FDI

The southern region has received US$1.7 billion worth of foreign direct investment (FDI) in the first quarter of 2016, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

Economy

KLS to leave securities market after failing to pay dividends

Kim Long Securities Company (KLS), the fourth largest securities firm in Việt Nam, announced its plan to dissolve and delist from the local market on Sunday, April 10, 2016.

Economy

Developer Vingroup helps VN stocks extend rallies

Vietnamese shares rose further on both local markets yesterday, extending their gains from last week as property developer Vingroup jumped during the session.

Economy

Tra fish prices bounce back after long slump

After keeping costs low for so long, tra fish prices shot up recently, yielding higher profits for farmers.

Economy

Australia to import VN mangoes

Australian agencies are finalising procedures to allow the import of Vietnamese mangoes into Australia from 2016, according to the Việt Nam Trade Office in Australia.

Economy

ACB countering debts caused by former official

The Asia Commercial Bank (ACB) is actively handling the issue of bad debts caused by a former senior official, who was jailed for his role in a multi-million dollar scandal.