Dien Quang Lamp JSC to increase dividend rate
The HCMC-based Dien 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 VND1.082 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 VND1.1 trillion and profit before tax of VND230 billion.
bizhub
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