CSM to issue 8.8 million shares in Q3

Southern Rubber Industry Joint Stock Company (CSM) announced that it will issue 8.8 million shares in the third quarter of this year to pay dividends for the year 2012 at a ratio of 15 percent.

On July 19, the company will close the list of its shareholders who will receive 15 percent of dividend in cash and 15 percent by shares.

This year, the company targets revenue of more than VND3.25 trillion, profit of VND275 billion, and dividend payout ratio of 12 percent.

In the first quarter of this year, the company reached revenue of VND712 billion and profit of VND68.6 billion.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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