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Dien Quang Lamp JSC to increase dividend rate

Apr 11th at 21:07
11-04-2016 21:07:35+07:00

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.

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