CNMC Goldmine declares maiden interim dividend
No 'big fat' payout now as company is still growing: CEO
IN spite of a difficult year for gold prices, Catalist-listed gold miner CNMC Goldmine Holdings yesterday declared its first dividend.
The interim dividend of 0.1 cent a share is to reward shareholders who have believed in the company, said chief executive Chris Lim.
"We're not declaring a big fat dividend now, for the simple reason that we are still a growing company. We need to allocate the bulk of our profit into growing this company ... but the board also recognises that we want to put equal priorities between our shareholders' benefit and the (growth) of the company," he noted.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Meta will let advertisers create campaigns using new generative AI tools
Match posts sixth straight decline in Tinder users; shares fall
Reddit gains after strong sales in first report since IPO
OpenAI inks licensing deal with People magazine publisher
Apple unveils new AI-focused chip in upgraded iPad Pro models
DBS CEO Piyush Gupta sells S$2.7 million worth of bank shares