Bangkok--Feb 18--Kim Eng Securities (Thailand)
The Board of Directors of Kim Eng Securities (Thailand) Plc. will propose to the Ordinary Shareholders Meeting that the company pay a dividend of 1.00 Baht per share. In addition to the interim dividend payment of 0.50 Baht per share, this will bring total dividends for 2004 operations to 1.50 Baht per share. It also represents a dividend payout ratio of 78% of the company's 2004 net profit.
Mr. Montree Sornpaisarn, Chief Executive Officer of Kim Eng Securities (Thailand) Plc., said that the company's performance was satisfactory in 2004, with total revenue of 3,210.03 million baht and net profit of 1,042.66 million baht, 12.96% higher than the previous year. Accordingly, the Board of Directors will propose to the Ordinary Shareholders Meeting that the company pay another dividend of 1.00 Baht per share following its payment of an interim dividend of 0.50 Baht per share on September 17, 2004. This brings total dividend payments for 2004 operations to 1.50 Baht per share, representing a dividend payout of 78% of the company's 2004 net profit. The board's proposal requires approval from the Ordinary Shareholders Meeting which has been scheduled for 2.00 p.m. on 30 March 2005 at Arnoma 1 Room of the Arnoma Hotel on Rajdamri Road, Bangkok. Shareholders who have the right to attend meeting are those registered in the company's share book as of 12 noon on 10 March 2005. The XD sign will be posted on March 7, 2005.
In addition, the Board of Directors has submitted a proposal to expand the company’s business, namely to engage in the derivatives business, in the near future.
Corporate Coomunication Dept.
Tel. 02-658-6300 ext 1031-3 End.