Solidere's shareholders have decided not to distribute dividends for the fiscal year 2016 despite the $75.3 million net profit realized last year.
The aim is to sustain the company's liquidity and its strong financial position, the property developer said in a statement.
Solidere distributed a total dividend of $35.4 million for fiscal year 2015 even though it incurred a loss of $87.2 million in the same year.
FFA Private Bank said in a recent equity research report on Sol...
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The aim is to sustain the company's liquidity and its strong financial position, the property developer said in a statement.
Solidere distributed a total dividend of $35.4 million for fiscal year 2015 even though it incurred a loss of $87.2 million in the same year.
FFA Private Bank said in a recent equity research report on Sol...
Article details
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