An office building of SSI Securities Corporation (SSI) on Ngo Quyen Street in Ha Noi. SSI plans to issue nearly 82.89 million shares to pay dividends to shareholders at a rate of 16 per cent. — Photo cafef.vn

SSI Securities Corporation (SSI) plans to issue nearly 82.89 million shares to pay dividends to shareholders at a rate of 16 per cent.

This means each shareholder who owns 100 shares will receive 16 new shares. Value issued by par value is nearly VND829 billion (US$35.7 million).

Capital for the issuance is sourced from the company’s accumulated undistributed after-tax profit as of December 31, 2018.

After the issuance, SSI’s chartered capital will be raised to nearly VND6.03 trillion.

The company recorded revenue of VND3.2 trillion in 2019, a decrease of nearly 12 per cent year-on-year. Post-tax profit reached more than VND907 billion, a decrease of 30 per cent compared to 2018.

In 2018, SSI’s revenue reached VND3.67 trillion, up 26.7 per cent compared to the previous year, of which earnings from brokerage activities was VND1.13 trillion, an increase of 45 per cent over the same period last year and contributed nearly 31 per cent to the company’s total revenue. Post-tax profit reached VND1.3 trillion, an increase of 12.2 per cent compared to 2017. — VNS