TIC: Resolution on business result in 11 months & dividend payment for 2016

On December 14, 2016, Tay Nguyen Electricity Investment Joint Stock Company announced Board Resolution No.06 on the business result in eleven months of 2016 & to pay first cash dividends for 2016as follows:

  Articles 1: Board of Directors approved a report on the result in eleven months of 2016:

-        Total revenue:                        VND42,784,680,000

-        Total expenses:                       VND14,171,228,000

-        Total profit before tax:           VND28,613,452,000

-        Total profit after tax:             VND27,221,495,000

-        Funds extraction:                    VND     136,107,000

-        Remaining profit last year:    VND  2,468,653,000

-        Accumulated gross profit:     VND29,554,040,000

Articles 2: Board of Directors approved to pay first cash dividends for 2016:

-        Record date: December 30, 2016

-        Exercise ratio: 13%/par value (1,300dongs/share)

-        Payment date: January 16, 2017

Articles 3: This Resolution will be effective from December 14, 2016.

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