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FPT Retail to pay 15% stock dividend next quarter
FPT Digital Retail Joint Stock Company, a subsidiary of IT giant FPT Corporation, will issue 10.3 million shares worth VND103 billion (US$4.4 million) to pay dividends in the next quarter of the year.
This stock dividend plan based on 2018's business results was approved by the company’s board of directors.
Shareholders who own 100 shares will receive 15 new stocks, equivalent to a dividend rate of 15 per cent. Last month, FPT Retail also paid cash dividends at the rate of 10 per cent.
According to the plan, the additional shares will come from undistributed after-tax profits of the company noted in the audited financial statement last year.
At the end of 2018, FPT Retail had earned VND15.3 trillion ($656.7 million) total revenues and VND347.7 billion ($15 million) net profit.
Total undistributed net profit by the end of 2018 was more than VND453 billion.
At the end of May, the company had recorded net revenues of VND6.7 trillion and pre-tax profit of VND151 billion, up 8 per cent and 9 per cent year-on-year, respectively.
In particular, the revenue of the e-commerce segment grew 46 per cent over the same period last year.
The company is also focusing on expanding the Long Chau pharmacy chain, with 35 drugstores by end-May.
FPT Retail shares (FRT) have recovered since early July after a three-month decline, now trading at around VND57,000 ($2.45) per share, but still down nearly 19 per cent compared to the beginning of the year.
bizhub
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