CTN Delay The Paid Dividends Again

Underground Construction Joint Stock Co (CTN) has just requested to extend the payment date of cash dividend from 2013 to 2016.

You can read more information at Vietnam Real Estate News

Accordingly, the payment date is from today (November 20) to February 5, 2016, with the reason “The recovery of capital from projects is more muted than planned.” Although dividends are only 3% this is the fourth time CTN will pay dividends in 2013.

According to the financial statement for the second quarter of 2015, CTN’s profit after tax continued to be negative at 5.4 billion VND. Although negative numbers continue to be negative, compared to the same period in 2014, losses have dropped by nearly 80%. The third quarter of 2014, CTN lost nearly 27 billion.

See more information at Vietnam Real Estate Market

CTN was listed on HOSE but was canceled from May 15, 2014, due to the undistributed profit of the company at 31-12-2013 is negative 135.21 billion (the actual chartered capital of 100 billion VND) based on consolidated financial statements for 2013.

CTN is currently trading on the HNX with a reference price of 3,600 VND per share today.

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