FPT Telecom Joint Stock Company (FPT Telecom) plans to make an 80 per cent dividend payout for its performance in 2017.

 

The final decision will be made at the company’s upcoming online annual shareholders’ meeting held in both Hà Nội and HCM City, scheduled on March 28.

 

The dividend payout rate includes 30 per cent in cash (VNĐ3,000 or 13 US cents per share) and 50 per cent in bonus shares.

 

The payment will be extracted from the company’s undistributed post-tax profit worth VNĐ1.24 trillion ($55.1 million).

 

FPT Telecom has made an advance of 10 per cent dividend payment for its 2017 performance. For the next cash dividend payout, which will be carried out in March, the company has finalised the list of beneficial shareholders.

 

FPT Telecom will complete its bonus-share dividend payout in 2018. The bonus shares will be issued at a 2:1 ratio and will raise the firm’s charter capital to VNĐ2.26 trillion from the current VNĐ1.5 trillion.

 

After making its dividend payment, FPT Telecom’s undistributed post-tax profit will fall to VNĐ185 billion from VNĐ1.24 trillion made in 2017.

 

In 2018, FPT Telecom targets VNĐ8.67 trillion worth of total revenue, a yearly increase of 13.3 per cent. Major contributions to its revenue may come from telecommunications (VNĐ8.1 trillion) and advertisement (VNĐ570 billion).

 

The company predicts its pre-tax profit to gain 14.6 per cent year-on-year to VNĐ1.4 trillion in 2018. FPT Telecom will also start constructing its VNĐ1-trillion data centres in Tân Thuận District and District 1 of HCM City and in Cầu Giấy District of Hà Nội.

 

FPT Telecom also plans to invest in the marine cable project AAE-1 with the military telecommunications group Viettel and introduce new products to the market. — VNS