EDL-Gen not paying dividend to shareholders for first six months of 2019
VIENTIANE (Vientiane Times/ANN) – A meeting of the board of directors of the EDL Generation Public Company (EDL-Gen) last month did not approve the payout of a dividend as the company’s earnings over the first six months of 2019 showed a loss of 147.15 billion kip.
The loss was indicated in kip because of the unfavourable exchange rate of the currency against the Thai baht and US dollar, according to EDL-Gen.
Although EDL-Gen made a profit from the sale of electricity in Laos and to other countries and has cash reserves, most of the company’s debts, in the form of loan repayments, are serviced in baht and dollars.
