The Company has the policy to pay dividend each year at the rate of not less than 40% of the net profit deduction of all types of reserved fund as required in the Company’s Articles of Association and as required by law. If unnecessary, the payment of such dividend shall not significantly affect the Company’s normal business operation.
Nevertheless, the dividend payment policy may change, depending on investment plan, necessity, and other suitable factors in the future based on condition that the operation must yield highest benefit to shareholders, such as use the money as investment fund to expand Company’s business, as reserve for loan repayment or there may be change of market condition which may adversely affect the Company’s future cash flow. The Company’s Board of Directors shall be empowered to consider the option. Moreover, the Board of Directors’ resolution approving dividend payment shall be proposed for final approval with shareholders’ meeting. Exemption is on interim dividend payment which the Company’s Board of Directors shall be authorized to make decision and report the decision at the next shareholders’ meeting.
In 2014, the Company has the policy to pay dividend each year at the rate of not less than 40% of the net profit before deduction of all expenses in accordance with the International Financial Reporting Standard No.2 (2014 edition) of Share based payment after deduction of all types of reserved fund as required in the Company’s Articles of Association and as required by law. If unnecessary, the payment of such dividend shall not significantly affect the Company’s normal business operation.
The dividend yield for 2015 was followed the company’s dividend policy. However, it will be proposed to the shareholders for approval at the upcoming Shareholder’s Meeting on April 28, 2015 in dividend stock and cash (The amount of cash dividend will be announce after the exercise of CHO-W1 warrants on March 31, 2016).
The dividend yield for 2016, the board of director has voted for no dividend payment due to the company reported a deficit in 2016. Anyway, the result will be effective when the board approve on AGM 2016 in April 20, 2017.
Dividend Payment Historical Compared to net profit (Separate financial statements) 2013-2015
|Detail||Year 2014||Year 2015||Year 2016|
|Net Profit (Loss) (Separate financial statements) (million baht)||75.72||35.50||(69.99)|
|Dividend Payment (million baht)||49.00||28.28/1||0|
|Dividend rate /1 (%)||64.71%||79.68||0|
/1 = The company paid dividend of 5.32 million Baht in cash, and paid 22.96 million Baht in ordinary share.