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

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