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GPSC announces an interim dividend at 52 percent of net profit

Global Power Synergy Public Company Limited (“GPSC”) announced an interim dividend in respect of the first half of 2015 (January 1 – June 30, 2015), to be paid to shareholders at 0.35 baht per share. XD will be tagged on August 25. The dividend will be paid to shareholders on September 9.

Mr. Noppadol Pinsupa, President of Global Power Synergy Public Company Limited (GPSC) said “In the first half of 2015, GPSC enjoyed a satisfactory performance and saw a growth in net profit. In the first half of 2015, our net profit was 1,005 million Baht, a 50% growth from 672 million Baht comparing to the same period last year. The Board of Directors meeting on 13 August 2015 resolved that the company would pay interim dividend to shareholders, and has therefore approved the interim dividend payment at the rate of 0.35 Baht per share. The number of common shares is 1,498,300,800 shares, valued at 524,405,280 Baht. The interim dividend will be paid at 52 percent of net profit which goes along with company policy to pay dividend no less than 30% of its net profit. This payment of interim dividend reflects our solid foundation and future performance.”

The aforementioned dividend will be paid out of the net profit, from the unappropriated retained earnings with tax exemption from BOI. Ordinary shareholders will not have withholding tax deducted from the dividend and there will be no tax credit on dividends as granted under Section 47bis of the Thai Revenue Code. GPSC will announce the name of qualified shareholders on Record Date which is August 27, 2015. Book closing date will be August 28, 2015. The interim dividend will be paid on September 9, 2015.

In the first half of 2015, the company saw a 1,005 million Baht net profit. As of June 30, 2015, the company’s total asset is 54,553 million Baht.

Back13 August 2015