President Chain Store mulls NT$9 per share dividend
DESPITE PROFIT DROP: Local subsidiaries continued to generate increasing operating profit, while some overseas operations were affected by COVID-19, the company said
By Chen Cheng-hui / Staff reporter
President Chain Store Corp’s (PCSC, 統一超商) board of directors has proposed distributing a cash dividend of NT$9 per common share, the second-highest in the company’s history, despite the firm’s lower net profit last year due to losses from its overseas investments.
Taiwan’s largest convenience store operator, which owns more than 6,000 7-Eleven stores around the nation, reported net profit of NT$10.24 billion (US$361.61 million) for last year, down 2.85 percent from the NT$10.54 billion in 2019, PCSC said in a statement on Friday.
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doing it. kennedy: 21 does that work, though? morgan: we can have a long discussion about that. prior to the iran negotiations, which i didn t ultimately agree with the deal that president obama negotiated, but a big reason why the iranians came to the table for the deal is because of years of sanctions. there s a big difference between doing holistic country sanctions like we did against cuba for many years, versus during pen point and targeting sanctions, which both the bush and obama admits rations did with iran. two very different section regimes. harris: you at the new on the head, though. it s the perception of what s happening right now, jon, in terms of the russian sanctions and what people may typically understand. when you see senator chuck schumer making argued over and over, is there something to the perception? jon: absolutely. at its most basic level, i have i can t understand why in the world they would want to go forward with this. why the trump administration
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