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GeoVision Shareholders Meeting Approved Dividend of NT$8.2


Issued on: 2014/6/12

GeoVision Inc. (3356TW) held the annual shareholders assembly general meeting today, chaired by Chairman George Tai, and approved NT$7.2 for cash dividends and NT$1.0 for stock dividends.

The meeting approved the resolution of the earnings distribution per share for the previous year of 2013, which is NT$7.2 for cash dividends and NT$1.0 for stock dividends per common share.  

The meeting also approved the 2013 Financial Statements. GeoVision’s consolidated revenues for 2013 grew 12% to amount to NT$2,258 million, and net incomes were NT$582 million, representing earnings per share after tax of NT$9.15.

George Tai, the chairman and CEO of GeoVision, said that 2013 was a great year for GeoVision, with its revenue reaching historical high and net incomes also reaching its historical high again since 2008. GeoVision has added resources in marketing development since last year and recently opened a new office in N.Y. US as the US is the largest market for the company. GeoVision will continue to spread its overseas service by investing in new markets this year to cope with the competition. GeoVision has kept revenue growth in the first five months this year even under fierce competition, especially from China peers, said Mr. Tai. GeoVision’s total solution in network video surveillance has become a competitive edge than “hardware only” companies. Meanwhile, GeoVision is also actively preparing for cloud-based surveillance with new IP cameras at cloud recording service this year, hoping to grasp the next technology trend in surveillance and to create growth momentum, stated Chairman Tai. 

New Board Members and Supervisors were elected during the shareholders meeting. The Board of Directors’ Meeting was held after the stockholders’ meeting; Mr. George Tai continues his duty as the Chairman of the board.