Listed firms set to pay attractive dividends

Some listed companies have announced plans to make fairly high dividend payments in 2009, bucking the general trend of gloom as the global crisis bites deeper.

Though the business plan will not be finalized until a shareholders’ meeting in mid-April, the board of Tien Phong Plastic Joint Stock Co. (NTP) plans to pay a dividend of VND3,000, or 30 percent.

The company said it would not need bank loans but would use its 2008 net profits to invest VND80-90 billion (US$4.6-5.2 million) in its projects this year.

Pharmaceutical firm Traphaco Joint Stock Co. (TRA) expects to pay a 36- percent dividend.

Steel and real estate company Hoa Phat Group (HPG), which posted a profit of VND80 billion in January, plans to pay shareholders a dividend of VND2,000 per share.

More than 86 percent of companies listed on the Ho Chi Minh Stock Exchange and 94.3 percent of those listed on the Hanoi Securities Trading Center made profits last year; a State Securities Commission report shows.

 Nguyen Hang

THANHNIEN

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