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Sai Gon Thuong Tin Real Estate JSC to pay dividend in shares

Oct 14th at 09:41
14-10-2019 09:41:18+07:00

Sai Gon Thuong Tin Real Estate JSC to pay dividend in shares

Sai Gon Thuong Tin Real Estate JSC (SCR) plans to issue more than 27.1 million shares to pay 2018’s dividend in the fourth quarter of this year.

The shares, valued at VND271 billion, will be issued at a rate of 8 per cent, meaning that a shareholder owning 100 shares will receive 8 new shares.

Capital for the issuance comes from undistributed after-tax profit estimated on the audited semi-annual financial statements of 2019.

Last year, SCR earned VND2.9 trillion in revenue, an increase of more than 60 per cent compared to the previous year. Post-tax profit rose by VND220 billion to VND331 billion.

In the first six months of 2019, SCR’s revenue reached less than one fourth of that in the same period last year, standing at VND418 billion. Post-tax profit decreased by 19 per cent to VND134.8 billion.

On the stock market, SCR has declined sharply, currently at a three-year low of VND6,300 per share.

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