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Connector and cable assembly maker Sinbon Electronics plans to hand out dividends of NT$3.50 in cash for 2016 based on an EPS of NT$5.15 recorded in the year.
The company said its net profits totaled NT$1.157 billion (US$37.33 million) on revenues of NT$12.926 billion in 2016. Gross margin for the year stood at 24.83%.
The company reported revenues of NT$2.196 billion for the first two months of 2017, decreasing 2.32% from a year earlier.
Meanwhile, the company plans to issue NT$500 million worth of 3-year zero-coupon convertible bonds to enhance its financial structure.
The company’s stock price dipped NT$0.60 to close at NT$72.10 on the Taiwan Stock Exchange (TSE) during the March 10 session.
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