EGCO BOARD TO SET DIVIDEND PAYMENT AFTER STAKE SALES
The Electricity Generating Plc (EGCO) will finalise a merger and acquisition deal for an electricity plant overseas by the end of this year, said the company’s chairman of board of director Witoon Kulcharoenwirat, who also director-general of Energy Business of Energy Ministry.
He said a board meeting, scheduled for August 17, will propose interim dividend payment to shareholders after the company sold its 49 per cent stake in Masin AES Pte Ltd worth Bt27 billion, and another 18.72 per cent stake in Eastern Water Resources Development and Management Plc worth Bt5.23 billion in the first quarter of this year.
Following the sales, the company recorded a net profit of Bt20.2 billion in the first quarter of this year, he said.
