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Southern company plans 70 per cent dividend

Jul 9th at 16:37
09-07-2013 16:37:49+07:00

Southern company plans 70 per cent dividend

Tay Ninh Cable Car Tour (TCT) plans to pay a significantly high 70 per cent dividend for the 2012 fiscal year.

 

The company made a profit last year, with many indicators exceeding the year's targets. Earning per share ratio (EPS) reached VND12,748 (US$0.6) and total revenue grew by 13.23 per cent, while profit rose by 14.75 per cent.

The company expects revenue this year to rise 23.5 per cent to VND99.46 billion ($4.7 million), but estimates profit will decline 8.1 per cent to VND57.46 billion ($2.7 million).

TCT's value yesterday shed 3.6 per cent to VND152,300 per share ($7.1).

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