FPT head the 5 companies with most cash in 2nd quarter

Finishing the second quarter of this year, many companies possess a total cash of more than VND 1,000 billion. FPT topped the list with more than 2,156 billion of cash and cash equivalents, an increase of 3.4% in comparison with the same period of last year.

•

08/08/2013

According to statistics by VNDirect, only 16 out of 400 enterprises announced the second quarter financial reports with from VND 500 billion to VND 1,000 billion cash on hand.

The recorded cash on hand includes cash available at enterprises, cash in banks and cash in transit.

FPT is now holding the most cash on hand at the end of the second quarter of 2013.

According to VnExpress, up to 4 out of the top 5 companies with ample cash in the second quarter operate in the field of securities. Particularly, FPT Corporation (Stock code: FPT) is occupying the top spot as an exception.

Finishing the first 6 months, the balance of cash and cash equivalents as well as short-term deposits of FPT have reached VND 3,237 billion, increasing by 20% compared to the same period in 2012.

The group expected the payment of cash dividend in 2013 at 20% of par value, equivalent to VND 2,000/share. On July 3, FPT’s Board of Directors approved the first payment of cash dividend in 2013 at 15% of par value, equivalent to VND 1,500/share.