FPT increases charter capital by $22.7m
FPT increases charter capital by $22.7m
FPT Corporation has completed procedures to increase its charter capital by more than VND500 billion (US$22.7 million) to VND3,975 billion ($180.68 million).
The amount has been reached after it issued additional shares to give new stock dividends to shareholders. The enterprise issued 51.8 million shares to pay dividends to shareholders at a rate of 15 per cent. The capital for paying dividends was taken from its retained earnings. After the issuance, the total number of its shares increased to 397.5 million, equivalent to the charter capital of VND3,975 billion.
Last year, FPT shareholders received cash dividends at 20 per cent, equivalent to VND691 billion ($31.4 million). The dividends were paid on June 12.
At the end of April, the firm issued more than 1.7 million employee stock ownership plan shares to its workers who made notable contributions in 2014.
This year, the corporation targets to increase its revenue by 13 per cent. In the first five months of the year, FPT gained nearly VND16 trillion ($727.27 million) in consolidated revenue, a 30 per cent increase over the same period last year. Its profit before tax reached more than VND1,100 billion ($50 million), marking a 12 per cent year-on-year increase, while its earnings per share got VND2,128 ($0.096), posting a year-on-year increase of 19 per cent.
The results were mainly contributed by the Technology Division and the Distribution and Retail Division. The Technology Division raked in VND2,778 billion ($126.27 million) in revenue, registering a 38 per cent year-on-year increase. Of this, the revenue from international markets was VND1,442 billion ($65.54 million), accounting for 52 per cent.
The Distribution and Retail Division recorded more than VND10,800 billion ($490.9 million) in revenue, marking a 34 per cent year-on-year increase. The retail segment saw a 66 per cent increase in accumulated revenue in comparison with the same period last year.
FPT's global revenue reached nearly VND1,700 billion ($77.27 million) in the first five months of 2015, posting a 54 per cent year-on-year increase.
