Binh Dinh Minerals targets 42% dividend in FY2008

Saturday, April 12, 2008
Binh Dinh Minerals targets 42% dividend in FY2008
The Ho Chi Minh Stock Exchange listed firm (Coded BMC), Binh Dinh Minerals Joint Stock Co recently passed the plan to issue extra 2,360,520 bonus shares to existing shareholders with a ratio of two new shares for five shares held in order to hike its chartered capital in 2008.
This year the company also targets to reach 140 billion dong in revenue, 45 billion dong in after-tax profit, and a dividend of 30%.
Also the firm will invest 42 billion dong in building Binh Dinh Titanium Slag Factory Phase II.