30 July 1998: China“s Shanghai Yaohua Pilkington Glass Co. said it would offer a pre-tax cash dividend of 0.05 yuan (US$ 0.006) per share for all shareholders late this month. The dividend was based …
30 July 1998: China“s Shanghai Yaohua Pilkington Glass Co. said it would offer a pre-tax cash dividend of 0.05 yuan (US$ 0.006) per share for all shareholders late this month. The dividend was based on the firm“s 1997 net profits. Last year, the company offered a pre-tax cash dividend of 0.15 yuan per share based on its 1996 net profits. Yaohua, a Sino-British joint venture glass producer based in Shanghai, has hard currency B shares and domestic A shares listed on the Shanghai stock exchange. The company posted net profits of 38.631 million yuan in 1997, sharply down from 80.390 million yuan in 1996 based on international accounting standards.