BE: Board resolution on profit distribution
Long An Book and Educational Equipment Joint Stock Company (HNX: LBE) nnounces the Board Resolution approved on 13/01/2011 on profit distribution as follows:
- Revenue: VND88 billion
- Profit after tax: VND3.2 billion
- Profit distribution:
+ Production development fund: 5% of profit after tax
+ Financial reserve fund: 5% of profit after tax
+ Reward fund: 10% of profit after tax
+ Welfare fund: 7% of profit after tax
+ Dividend payout ratio: 20% of charter capital (70% of profit after tax).
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