Silvercorp Metals Inc. (SVM) announced the fourth quarter financial results ended March 31, 2012 and the fiscal 2012 financial statements in the after-hours trading session Thursday.
The financial results disclosed that the company will raise the quarterly dividend by 25% to $0.025 per share, or pay a total dividend of $15.6 million; in addition, the company also announced that it has repurchased and retired 450 million shares of common stock at a repurchase price $7.9 per share, for the total amount of $35.40 million.
The four-quarter net revenue was $44.3 million, an increase of 4% compared to the same period of last year; GAAP net profit was $9.7 million, down 19% compared to a year ago; fiscal year 2012 net revenue was $238 million, an increase of 42% year on year; GAAP net income reached $73.80 million, an increase of 9% year on year;
Promoted by this, Silvercorp Metals stock price kept rising in the after-hours trading, up 2.41% to $ 5.52; In Thursday regular trading, Silvercorp Metals stock price advanced 5.89%, or $0.30, to finish at $ 5.39 with volume of 1.95 million shares, slightly exceeding the average daily volume of 1.4 million shares.