Reported 7 months ago
Far Eastern Construction held a shareholders' meeting on June 7th to report the operating results for the 112th fiscal year, including a cash dividend of 1 NT dollars per share for the first half of the year and 2.5 NT dollars per share for the second half, totaling a cash dividend of 3.5 NT dollars for the year with a payout rate exceeding 70%. The company's revenues for the fiscal year grew by 12%, with significant performance in the Taichung area. Sales revenue for the year amounted to 26.6 billion NT dollars, a 12% increase from the previous year, with a net profit after tax of 3.7 billion NT dollars and an earnings per share of 4.76 NT dollars. Sales from the northern region, the Taichung area, and the southern region accounted for 38%, 35%, and 26% of total revenue respectively. The company also expects a positive revenue outlook for the remainder of the year with several projects nearing completion.
Source: YAHOO