Investor Relations

GeoVision's Board Proposal of Dividend Distribution for 2016

2017/02/24

GeoVision Announces First Three Quarters EPS of NT$1.41

February 24, 2017–GeoVision (TWSE: 3356) Board of Directors announced its audited financial reports for the financial year of 2016 ending Dec. 31, 2016. The board also filed a proposal for dividend distribution for the 2016 financial year.

GeoVision revenues for 2016 decreasing 9.9% to $1905.5 million. Consolidated net profit decreased 60.3% to NT$139.9 million. Based on the weighted average number of ordinary shares outstanding during the period of NT$777.4 million, the EPS for 2016 were NT$1.80.

GeoVision’s Board made a proposal for surplus earnings distribution for 2016. The dividend includes a cash dividend of NT$1.0 and a stock dividend of NT$1.5 per ordinary share, which is funded from distributable earnings and additional paid in capital.

The board of directors also proposed for a new share issuance through capitalization of earnings and additional paid in capital. The new shares issued in total will be 11,487,792 shares.

The surplus earnings distribution and new shares issuance shall be on approval after the resolution by the Annual Meeting of Shareholders, scheduled on June 8, 2017. The Board of Directors shall resolve the ex-dividend date and capital base date upon the approval of the Annual General Meeting of shareholders.

GeoVision Financial Results:

The following are the highlights of the company financial results for the first three quarters ended September 30, 2016.

《Consolidated Income Statement》

Taiwan Dollars in NT$K
(except per share amounts in NT$)

FY2016

 

Sales (NT$K)

Percentage%

%YoY

Revenue

1,905,464

100%

-9.9%

Gross Profit

861,651

45%

-17.0%

Operating Profit

218,586

12%

-44.1%

Net income before tax

167,632

9%

-61.0%

Consolidated Net Profit

139,885

8%

-60.3%

EPS (NT$)

1.80

-2.73