XTEP INT'L (01368.HK) to keep div payout policy unchanged for near future (Correct)
XTEP INT'L (01368.HK) declared a dividend of HK1.32 cent in the first half of 2012 with the dividend payout ratio standing at 50.3%. Executive director and chief financial officer He Weinrib said cash flow climbed by over RMB106.8 billion during the reporting period, adding the account receivables, which rose to RMB295 million, should be able to support a stable dividend payout policy. He noted the group would not change its dividend payout ratio, which has reached 50%, in the near term.
Chairman and chief executive officer Ding Shuipo expects the group will not close down shops this year. The group will focus on renovating existing stores, he added.
(Correct: 2012-08-21 17:36:10 XTEP INT'L (01368.HK) to keep div payout policy unchanged for near future)
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