PSW to pay first dividend of this year

South–West PetroVietnam Fertilizer and Chemicals JSC (PSW) yesterday announced it will pay its first dividend of this year on October 20 in cash with a rate of eight per cent.

In the first six months of this year, PSW earned VND1.36 trillion (US$60.6 million) in revenue, an increase of 15 per cent over a year.

The company's net profit in the first half of this year was VND14 billion ($622,222), a decrease of 22 per cent from last year's first half.

This year, PSW plans to earn VND2.47 trillion ($110 billion) in revenue and VND28 billion ($1.24 million) in pre-tax profit.

PSW is a member of the Petroleum Fertiliser and Chemicals Corporation. PSW was listed on the Ha Noi Stock Exchange in July.

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