SSI Securities to pay cash dividend at rate of 10 per cent
SSI Securities to pay cash dividend at rate of 10 per cent
SSI Securities Corporation (SSI) plans to pay a 2019 dividend in cash at a rate of 10 per cent.
This means every shareholder will receive VND1,000 for each share they hold.
Payment time is scheduled for July 31 this year. SSI will spend about VND600 billion (US$25.9 million) on this dividend payout.
In 2019, SSI achieved more than VND3.3 trillion of consolidated net revenue. Pre-tax profit reached VND1.1 trillion and post-tax profit totalled more than VND907 billion.
As of the end of 2019, SSI Securities had more than VND2.94 trillion of undistributed post-tax profit. The company also had VND392 billion in a financial reserve fund and VND477 billion in a reserve fund to supplement charter capital.
In 2020, SSI Securities aims to achieve VND2.75 trillion in consolidated revenue. Pre-tax profit is estimated at VND868 billion. These targets are lower than the revenue and profit achieved in 2019.
