Thursday, March 21 2019

VietNamNews

Sao Mai Group plans to pay dividend in shares

Update: March, 07/2019 - 22:45

Construction and real estate group Sao Mai (ASM) on March 20 will finalise the list of beneficial shareholders that will receive bonus shares for 2017 and 2018’s performance.— Photo cafef.vn

HÀ NỘI — Construction and real estate group Sao Mai (ASM) on March 20 will finalise the list of beneficial shareholders that will receive bonus shares for 2017 and 2018’s performance.

The company plans to pay a 5 per cent dividend by bonus shares for its performance in 2017 and make an advance dividend payout rate of 2 per cent for 2018.

The group is listing nearly 242 million shares on the Hồ Chí Minh Stock Exchange with code ASM.

The company is expected to issue nearly 17 million bonus shares in the payout.

In 2018, the firm recorded VNĐ8.9 trillion (US$382 million) in total revenue, four times the 2017 figure (VNĐ2.1 trillion).

Its post-tax profit in 2018 reached a record of VNĐ1.15 trillion – seven times the number made the previous year.

The firm posted more than VNĐ1 trillion in undistributed post-tax profit at the end of last year, up from VNĐ240 billion as of the end of 2017.

ASM shares rose 1.3 per cent to end Thursday at VNĐ8,690 per share. — VNS

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