Tue, August 25, 2009 : Last updated 15:11 hours
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PROPERTY BUSINESS
MJD pays interim dividend
Major Development Plc approved the interim dividend of Bt0.15 per share or a total of Bt105 million, based on over Bt1.2 billion in first-half revenue and Bt239.8 million in net profit.
Suriyon Poolvoralaks, managing director, said the decision is to boost investors' confidence in the stock. He believed that that company's prospect remains bright this year, when condominium units are transferred at the end of this year and proceeds are used to reduce liabilities.
Despite economic and political factors, the company maintains the business plans to launch 2-3 projects a year, he added.
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