Cosmetics chain operator Poya International Co (寶雅國際) yesterday said its board of directors has approved a proposal to distribute a cash dividend of NT$23.9 per share this year, plus a stock dividend of NT$0.1 per share, after earnings per share (EPS) rose 12.1 percent from 2021 to NT$20.26 last year.
The company is scheduled to hold its annual general meeting on May 30 in Tainan, where shareholders are to vote on the dividend proposal, the company said in a regulatory filing.
The proposal would represent a dividend yield of about 4.3 percent, based on the company’s closing price of NT$559 in Taipei trading yesterday.
Photo: Liao Yao-tung, Taipei Times
As of the end of last year, the company had 320 outlets in Taiwan selling cosmetics, lingerie, skincare and stationery products, and was also operating 40 Poya Home (寶家) hardware stores as of Dec. 31, it said while releasing its financial results for last quarter and last year as a whole.
In the October-to-December quarter, Poya International’s consolidated net profit increased 5.97 percent quarter-on-quarter and 18.59 percent year-on-year to NT$657 million (US$21.63 million), the firm said in a separate filing.
That translated into EPS of NT$6.43, up from NT$5.49 a year earlier. Gross margin was better than expected at 45.8 percent, while operating margin rose to 16.2 percent after sales increased 8.3 percent year-on-year to NT$5.14 billion in the quarter.
For the whole of last year, the company’s net profit totaled NT$2.07 billion, up 12.45 percent from a year earlier, or EPS of NT$20.26, the filing showed.
Consolidated revenue totaled NT$19.48 billion last year, up 11.5 percent year-on-year, with gross margin decreasing 0.71 percentage points to 43.16 percent and operating margin rising 0.28 percentage points to 13.58 percent, the filing showed.
To maintain its leading position in Taiwan’s cosmetics distribution channels, Poya has said it plans to add new stores and strengthen its membership programs this year.
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