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Sao Mai Group (ASM) plans to pay dividend in shares

Mar 8th at 08:19
08-03-2019 08:19:55+07:00

Sao Mai Group (ASM) plans to pay dividend in shares

Construction and real estate group Sao Mai (ASM) on March 20 will finalise the list of beneficial shareholders that will receive bonus shares for 2017 and 2018’s performance.

The company plans to pay a 5 per cent dividend by bonus shares for its performance in 2017 and make an advance dividend payout rate of 2 per cent for 2018.

The group is listing nearly 242 million shares on the Ho Chi Minh Stock Exchange with code ASM.

The company is expected to issue nearly 17 million bonus shares in the payout.

In 2018, the firm recorded VND8.9 trillion (US$382 million) in total revenue, four times the 2017 figure (VND2.1 trillion).

Its post-tax profit in 2018 reached a record of VND1.15 trillion – seven times the number made the previous year.

The firm posted more than VND1 trillion in undistributed post-tax profit at the end of last year, up from VND240 billion as of the end of 2017.

ASM shares rose 1.3 per cent to end Thursday at VND8,690 per share.

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