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DPM: planning to increase cash dividend of 2012 to 45%

23/04/2013

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Gafin.vn – According to the Annual General Meeting of Shareholders 2013, the PVFCCo’s Board of Directors (stock code: DPM) has submitted a plan to increase cash dividend of 2012 from 25% to 45%.
Specifically, the Board of Directors will present to shareholders the 2013’s plan including 10,710 billion dongs of total revenue, 2,120 billion dongs of profit before tax and 1,915 billion dongs of profit after tax. Cash dividend is expected to be 25%.
For this year, DPM set as targets 770,000 tons for production and 800,000 tons for consumption of Phu My fertilizers, expects to produce and consume 41 million packages of various kinds.
PVFCCo will also reinforce the Cambodia and Myanmar fertilizer market and expand it to other countries in the region and continue to list its member companies on stock exchanges as soon as eligible.
In 2012, DPM’s output reached 856 thousand tons of Phu My Fertilizer with 23 days ahead of schedule. Total revenue reached 13,906 billion dongs, equivalent to 99.8% of the plan and increased 42.5% compared to 2011. Profit before tax reached 3,542 billion dongs, exceeding 77% compared to the plan and increased 1% compared to 2011.
With the corporation’s strong growth in 2012 reflected in the business results, the Board of Directors has submitted a plan to increase cash dividend from 25% up to 45%, equivalent to 1,703 billion dongs.
Also in the past year, DPM has actively exported 100,000 tons of urea in preparation for the market for the next years, continued to consume more than 25,000 tons of Phu My NPK.
PVFCCo also increased investments in Drilling Mud Corporation, raising share of capital contribution to 10.27% equivalent to 51.3 billion dongs and invested in Ut Xi Corporation with 6.78% of capital contribution.
 

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