FPT’s EPS reached 6,584 dongs per share
On April 15,2011, the FPT’s General Shareholders Meeting was held in Hanoi. The Meeting approved payment method for 2010 dividend, in which it will be paid in cash at a rate of 15% for the entire year (the prepayment was made at 10%) in the second quarter of 2011. The retained earnings are to fund business development of the Group in following years. The earnings per share (EPS) of FPT stock in 2010 is 6,584 dongs.
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22/04/2011
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One of the most important resolutions approved by the 2011 General Shareholders Meeting is implementing the plan for restructuring three member companies. Particularly, FPT is issuing 19,830,986 stocks in exchange for the stocks held by minor shareholders of FPT Software, FPT Information System and FPT Trading. Upon completion of this swap, these companies will be transforming into one-member-limited companies wholly owned by FPT.
The consolidation of member companies of core businesses facilitates synergy and optimum utilization of resources for the Group’s sustainable development while reducing management cost. FPT’s Board of Directors decided that this is foundation for implementing OneFPT strategy, expanding business and implementing new business models that require huge resources and financial capability to accelerate growth rate in the years to come.
In early 2011, FPT’s Board of Directors planned that the EPS would be 7,700 dongs per share and the dividend would be paid at no less than 1,500 dongs per share (15% of par value). With the approved consolidation of three member companies and the OneFPT strategy being implemented, the EPS is expected to reach 8,000 dongs this year.
The FPT’s General Shareholders Meeting also approved a number of contents including reports made by the Board of Directors, the Board of Management and the Supervisory Board; 2010 Financial Statement; alteration of Charter, remuneration policy and operation of the Board of Directors and Supervisory Board; issuing common shares at par value for employees with remarkable contribution to the development of the Group in 2010.
The consolidation of member companies of core businesses facilitates synergy and optimum utilization of resources for the Group’s sustainable development while reducing management cost. FPT’s Board of Directors decided that this is foundation for implementing OneFPT strategy, expanding business and implementing new business models that require huge resources and financial capability to accelerate growth rate in the years to come.
In early 2011, FPT’s Board of Directors planned that the EPS would be 7,700 dongs per share and the dividend would be paid at no less than 1,500 dongs per share (15% of par value). With the approved consolidation of three member companies and the OneFPT strategy being implemented, the EPS is expected to reach 8,000 dongs this year.
The FPT’s General Shareholders Meeting also approved a number of contents including reports made by the Board of Directors, the Board of Management and the Supervisory Board; 2010 Financial Statement; alteration of Charter, remuneration policy and operation of the Board of Directors and Supervisory Board; issuing common shares at par value for employees with remarkable contribution to the development of the Group in 2010.
