Masan Resources to pay dividend at 10 per cent

Friday, Nov 08, 2019 19:12

A modern tungsten production line belonging to Masan Resources in Thai Nguyen Province. Masan Resources has acquired Germany-owned H.C. Starck’s global tungsten business. — Photo courtesy of Masan

Masan Resources Corporation (MSR) plans to pay a 2018 dividend in shares at a rate of 10 per cent, which means a shareholder who own 100 shares will receive 10 new shares.

With more than 899.3 million shares listed and circulating, Masan Resources will issue about 89.93 million new shares.

The capital for the payout will be sourced from the undistributed accumulated post-tax profit of the company as of December 31, 2018.

In 2018, Masan Resources earned VND6.86 trillion (US$293.5 million) in revenue, up 27 per cent year-on-year. Post-tax profit touched VND810 billion, 2.7 times higher than the same last year.

In the first nine months of 2019, the company recorded revenue of VND3.68 trillion, down 21 per cent year-on-year. Post-tax profit reached VND473 billion, down 3 per cent. With these results, Masan Resources fulfilled 48 per cent of its revenue plan and 68 per cent of its profit plan for 2019. — VNS

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