Kido Frozen Foods to pay 14% dividend

Monday, Oct 09, 2017 15:00

A production line of Kido Food. The company has declared a dividend of 14 per cent for this year. — VNS Photo

Kido Frozen Foods (KDF) has declared a dividend of 14 per cent to shareholders for 2017.

It will be paid next month.

KDF has 56 million outstanding shares following its listing 56 on UpCom late last month.

It reported pre-tax profit of VNĐ168 billion ($7.3 million) for the first nine months of this year.

The company remains the leader of the in-cream market with a share of 40 per cent.

KDF is a subsidiary of giant food producer KIDO Group and owns the popular Merino and Celano ice-cream brands.

The company plans to produce a new line of frozen products like sausages, canned foods and processed foods. — VNS


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