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EN_Tipco_Annual Report 2014

ANNUAL REPORT 2014 The Company and its subsidiaries pay dividends they have positive retained earnings. The dividend payout ratio depends on the Company’s operating results and investment projects planned but shall not be less than one third of net profits recorded in the separate financial statements. Year 2014 2013 2012 2011 2010 (0.2756) 0.00 0% (0.1578) 0.00 0% 0.1380 0.00 0% 0.3313 0.12 36.2% (0.2694) 0.00 0% DIVIDEND PAYMENT POLICY Net profit/ share Dividend/ share Dividend/ profit (%)


EN_Tipco_Annual Report 2014
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