FPT Telecom plans 80% dividend payout for 2017

Monday, Mar 19, 2018 16:54

FPT Telecom plans to pay an 80 per cent dividend for its performance in 2017 and spend VND1 trillion developing data centres in Ha Noi and HCM City. — Photo genk.vn

FPT Telecom Joint Stock Company (FPT Telecom) plans to make an 80 per cent dividend payout for its performance in 2017.

The final decision will be made at the company’s upcoming online annual shareholders’ meeting held in both Ha Noi and HCM City, scheduled on March 28.

The dividend payout rate includes 30 per cent in cash (VND3,000 or 13 US cents per share) and 50 per cent in bonus shares.

The payment will be extracted from the company’s undistributed post-tax profit worth VND1.24 trillion ($55.1 million).

FPT Telecom has made an advance of 10 per cent dividend payment for its 2017 performance. For the next cash dividend payout, which will be carried out in March, the company has finalised the list of beneficial shareholders.

FPT Telecom will complete its bonus-share dividend payout in 2018. The bonus shares will be issued at a 2:1 ratio and will raise the firm’s charter capital to VND2.26 trillion from the current VND1.5 trillion.

After making its dividend payment, FPT Telecom’s undistributed post-tax profit will fall to VND185 billion from VND1.24 trillion made in 2017.

In 2018, FPT Telecom targets VND8.67 trillion worth of total revenue, a yearly increase of 13.3 per cent. Major contributions to its revenue may come from telecommunications (VND8.1 trillion) and advertisement (VND570 billion).

The company predicts its pre-tax profit to gain 14.6 per cent year-on-year to VND1.4 trillion in 2018. FPT Telecom will also start constructing its VND1-trillion data centres in Tan Thuan District and District 1 of HCM City and in Cau Giay District of Ha Noi.

FPT Telecom also plans to invest in the marine cable project AAE-1 with the military telecommunications group Viettel and introduce new products to the market. — VNS

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