Momo’s payout ratio exceeds 83%
By Chen Cheng-hui / Staff Reporter
Momo.com Inc (富邦媒體), the country’s leading online and TV retailer, said on Thursday its board had approved a cash dividend of NT$13 per share and a stock dividend of NT2. $, which would represent a payout ratio of 83.24. percent based on earnings per share of NT$18.02 last year.
The company said in a statement that it plans to pay NT$2.37 billion ($82.6 million) in cash dividends this year if the proposal is approved by a shareholders’ meeting on May 20.
Momo.com, a retail subsidiary of Taiwan Mobile Co (台灣大哥大), operates three virtual platforms: online shopping, TV home shopping, and catalog shopping. The company has benefited from changing consumer behavior amid the COVID-19 pandemic as more people turn to shopping for daily necessities online.
Momo.com reported that last year’s net profit rose 68.8% to NT$3.28 billion from 2020, while revenue rose 31.5% to a record high. of NT$88.4 billion.
Cumulative revenue in the first two months of the year rose 25.75% to NT$15.4 billion year-on-year as growth momentum remained strong, the company said.
In order to maintain its leading position in Taiwan’s e-commerce market, Momo.com will continue to invest in its logistics infrastructure this year, Chairman Jeff Ku (谷元宏) told reporters on Tuesday.
Momo.com would increase its number of satellite warehouses from 30 last year to 50, and increase the percentage of deliveries handled by the company’s fleet from 17% last year to 20%, Ku said.
Momo.com is building a distribution center in Tainan and is expected to start construction of a distribution center in Changhua County in the first quarter of next year, he added.
The new distribution centers would improve its short supply chain logistics and increase its transportation volume, while reducing delivery costs and shortening shipping times, he added.
Working with subsidiary Fu Sheng Logistics Co (富昇物流), a policy of making deliveries within five hours of placing the order would be extended from Taipei and New Taipei City to other cities and counties , said Ku.
The company will introduce three-hour delivery in Taipei and New Taipei this year, he said.
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