Mobile World Investment to issue $46m dividend stock

Among its subsidiaries, food chain Bách Hóa Xanh and electronics chains Điện Máy Xanh registered highest growth of  二 三 五 per cent and  七 九 per cent, respectively. Its long-established mobile phone retail chain increased  一 九 per cent. — Photo tapchibanle.org

HÀ NỘI — Mobile World Investment Corporation will issue  一0 七. 六 million shares to pay shareholders dividends at a rate of  三: 一 after achieving positive business results.

The total value of this share issue reaches nearly VNĐ 一.0 八 trillion (US$ 四 六. 二 million), derived from undistributed profits after audit in  二0 一 七. After the issuance, the company’s charter capital will increase to VNĐ 四. 三 trillion ($ 一 八 四. 五 million).

The company will finalise the list of shareholders for this payout on November  二0.

At the annual shareholders’ meeting this year, Mobile World Investment approved a plan of paying dividends based on undistributed earnings with a maximum volume of  一 七0 million shares. In addition, shareholders also approved a cash dividend plan of  一 五 per cent which was already paid in May and the ESOP (employee stock ownership plan) option with a volume of about  九. 七 million shares, at the rate of  三 per cent.

In the third quarter, the mobile phone retail chain posted net revenue of VNĐ 二0. 九 trillion, up  二 七 per cent year-on-year. Net profit reached VNĐ 六 四 七 billion, up  一 四. 五 per cent on-year.

Ending September, its consolidated revenues reached VNĐ 六 五. 四 八 trillion and consolidated profit after tax was VNĐ 二. 二 trillion, a growth of  三 四 per cent against the same period last year.

Among its subsidiaries, food chain Bách Hóa Xanh and electronics chains Điện Máy Xanh registered highest growth of  二 三 五 per cent and  七 九 per cent, respectively. Its long-established mobile phone retail chain increased  一 九 per cent.

Shares of Mobile World Investment Corporation were among the top  一0 most expensive stocks on the Hồ Chí Minh Stock Exchange, trading at around VNĐ 一 一 二,000 ($ 四. 八) per share on Wednesday. — VNS