EID, SMA, GLT announce dividend payout

Hanoi Education Development & Investment JSC (EID), Saigon Machinery Spare Parts JSC (SMA), and Global Electrical Technology Corporation (GLT) announced dividend payment as follows:

EID will close the list of shareholders on February 14, 2014 to advance dividends for the year 2013 in cash at a ratio of 15 percent on April 7, 2014. In the first nine months, EID revenue was at VND336.3 billion and post-tax profit at VND33.2 billion, up 16.9 percent and 16.4 percent year-on-year, respectively.

SMA will pay dividends for the year 2011 in cash at a ratio of 14 percent on December 31 instead of on December 2 due to late incoming. In the first three quarters of 2013, the company posted profit of VND5.7 billion. However, the company’s cash and equivalent was at VND3.7 billion while it needs VND22.6 billion for dividend payment.

GLT will close the list of shareholders on January 3, 2014 to pay dividends for first term of 2013 in cash at a ratio of 12 percent on January 24, 2014. This year, the company set revenue target at VND189.2 billion, post-tax profit at VND19.5 billion, and dividend payout ratio at 15 percent.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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