Dividend Information

UV’s dividend policy is to pay out at least 50% of its consolidated net profit after taxes and legal reserves of the Company and its subsidiaries. Each year’s payout is subject to UV’s investment plan, justifications, and other future considerations. Upon approval by the Board of Directors, the annual dividend payout is to be presented to the shareholder’s meeting for approval. As regards an interim dividend, the Board is authorized to pay it and then report the payout at the next shareholders’ meeting.

For the dividend policy of UV’s subsidiaries, the Board of Directors of each company will consider the dividend payment from the retain earnings and cash flow balance comparing to their investment budgets. Subject to the cash flow be enough after having the legal reserve, the Board of Director will consider for dividend payment as appropriate subject to shareholders of each subsidiary approval.

UV’s Dividend payment for the previous 5 years
Description Result of Year
2017(1) 2016 2015 2014
(Restated)
2013
Annual dividends (Baht per share) 0.220 0.200 0.110 0.075 0.050
Net Profit (Million Baht) 838.44 1,075.69 630.94 428.74 175.36
Profit recognized based on Accounting Concept (Non-Cash) (Million Baht) (35.00) (334.48) (280.72) (182.61) -
Net profit remaining for dividend payment (Baht) 803.44 741.21 350.22 246.13 175.36
Profit remaining for dividend payment (Million Baht) 420.62 382.39 210.31 143.39 95.60
Dividends payout ratio on net profit (%) 52.35 51.59 60.05 58.26 54.52

(1) 2017 (The period from 1 January 2017 to 30 September 2017) operational results and year-ended dividend shall be approved by The Annual General Meeting of Shareholders No. 39/2018 which will be held on Thursday 18 January 2018. Net profit for the year 2017 amounting to Baht 838.44 million included proportionated.

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