Chlitina Holding’s board approves NT$6.5 dividend

By Kevin Chen  /  Staff reporter

Fri, Mar 14, 2014 - Page 14

Chlitina Holding Ltd (麗豐), a China-based skincare product vendor, said its board yesterday approved a proposal to distribute cash dividends of NT$6.5 and a stock dividend of 5 percent.

The dividend payout was based on the company’s earnings last year of NT$693 million (US$22.83 million), or NT$10.25 per share, the Cayman Islands-registered company said in a filing to the Taiwan Stock Exchange.

This year’s dividend payout is higher than last year’s, when the company offered shareholders cash dividends of NT$4.2 after it reported earnings per share of NT$8.84 for 2012.

Consolidated revenue came to NT$2.7 billion last year, up 12.03 percent from NT$2.41 billion a year ago.

The cash dividend of NT$6.5 per share translated to a cash payout ratio of 63.41 percent.

With Chlitina’s shares closing at NT$291 yesterday in Taipei trading, the planned cash dividends of NT$6.5 represented a dividend yield of 2.23 percent.

The payout plan still has to be approved at the company’s annual shareholders’ meeting on June 19, according to the filing.

The company’s cumulative sales from January through last month increased 35.01 percent year-on-year to NT$445.77 million.

Yuanta Securities Group (元大證券) analyst Peggy Lee (珮菁) yesterday said the company might see a more muted sales performance this month due to a higher base last year and a recent depreciation of the yuan.

However, revenue for this quarter could still grow by between 15 percent and 20 percent from the same period last year, Lee said in a note.