GeoVision’s Board Recommended Dividend Distribution of NT$4.1 for 2015
Issue Date: March 23th, 2016
GeoVision Board (TWSE: 3356) announced its audited financial reports for the financial year of 2015 ending on Dec. 31 and recommended a proposal for dividend distribution for the 2015 financial year.
Consolidated revenue for 2015 were NT$2,114.6 million with revenue decreasing 5% compared to 2014. Consolidated net profit were NT$352 million with profit decreasing 28% compared to 2014. Based on the weighted average number of ordinary shares outstanding during the period of NT$769.8 million, the EPS for 2015 were NT$4.58 compared to the EPS of NT$6.36 for 2014.
The board of directors recommended a cash dividend of NT$4.0 and a stock dividend of NT$0.1 per ordinary share, based on the NT$322 million of earnings available for distribution from the previous year. The dividend of NT$4.1 in total represents a payout ratio of over 85%.
The board of directors also made a proposal to issue new restricted employee shares of 550,000 shares as a compensation system for employees.
The dividend proposal will be recommended at the company Annual General Meeting, scheduled on June 14, 2016. The ex-dividend date will be scheduled after the dividend proposal is adopted at the Annual General Meeting.《Consolidated Income Statement》
|Sales (NT$K)||Sales (NT$K)||%YoY|
|Income before Tax||429,923||20%||-27.0%|
|Consolidated Net Income||352,408||17%||-28.0%|