Tay Ninh Cable Car Tour (TCT) plans to pay a significantly high 70 per cent dividend for the 2012 fiscal year.
TAY NINH (Biz Hub)— Tay Ninh Cable Car Tour (TCT) plans to pay a significantly high 70 per cent dividend for the 2012 fiscal year.
The company made a profit last year, with many indicators exceeding the year's targets. Earning per share ratio (EPS) reached VND12,748 (US$0.6) and total revenue grew by 13.23 per cent, while profit rose by 14.75 per cent.
The company expects revenue this year to rise 23.5 per cent to VND99.46 billion ($4.7 million), but estimates profit will decline 8.1 per cent to VND57.46 billion ($2.7 million).
TCT's value yesterday shed 3.6 per cent to VND152,300 per share ($7.1). — VNS
Strategic efforts in legal framework development, market supervision and technological modernisation played a key role in maintaining stability and investor confidence in 2024.
Market breadth was overwhelmingly negative, with 244 stocks declining compared to just 71 advancing. Trading value on the southern bourse rose sharply to VNĐ17.8 trillion (approximately US$698.9 million), marking a 40.1 per cent increase from the previous session.
The trend underscores a sector grappling with financial challenges, while seeking innovative ways to restructure debts, ensure liquidity and stabilise operations in a volatile market.
