Le Saunda (00738) said it proposes to increase the authorised share capital from HK$80 million to HK$100 million and reduction of the amount standing to the credit of the share premium account by HK$400 million and transfer such amount to the contributed surplus account.
For the year ended 28 February 2015, Le Saunda's profit attributable to equity holders dropped 17.4% year-on-year to HK$237 million. Revenue grew 3.4% to HK$2,108 million. The proposed final dividend is HK14 cents (2014: HK9 cents) per share, payable on or around 30 July. The Board also proposed a bonus issue of new shares on the basis of 1 bonus share for every 10 shares in issue.
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