With high profitability, port enterprises often pay high dividends. Cat Lai Port shareholders will receive dividends on September 16, 2024.
Cat Lai Port Joint Stock Company (code CLL, HoSE) announced that September 4, 2024 will be the last registration date to close the shareholder list to pay 2023 cash dividends at a rate of 26% (VND 2,600/share). The ex-dividend date is September 3, 2024. Dividends will be paid on September 16, 2024.
With 34 million shares in circulation, the company plans to pay VND88.4 billion in dividends to shareholders. The two largest shareholders of Cat Lai Port are Saigon Newport Corporation, which holds more than 8.7 million shares (25.6%) and Thanh Nien Xung Phong Public Service Company, which holds nearly 7.5 million shares (22.06%). These two units are expected to earn VND22.7 billion and VND19.5 billion, respectively.
According to the Resolution of the 2024 Annual General Meeting of Shareholders, the company plans to distribute 2023 profits in the form of a 26% dividend. According to the plan, the 2024 dividend is expected to be distributed in full after-tax profits after setting aside funds according to regulations.
Although the charter capital is quite modest (VND 340 billion), Cat Lai Port has a high profitability ratio, regularly paying large dividends to shareholders. According to the financial report for the second quarter of 2024, Cat Lai Port achieved more than VND 78.4 billion in net revenue, a slight increase of 1.4% over the same period last year. Due to a sharp increase in business management costs of 85%, the company's net profit decreased by about 20%, to VND 20 billion. Accumulated in the first half of 2024, the company achieved nearly VND 155 billion in net revenue, an increase of 6% over the same period in 2023. Profit after tax of the parent company's shareholders reached nearly VND 46 billion, a decrease of 11%.
In 2024, the General Meeting of Shareholders approved the business plan with total revenue of nearly 323.2 billion VND and net profit of nearly 98 billion VND. Thus, the company has completed 48% of the revenue plan and 47% of the profit plan for the whole year after 6 months.
As of June 30, 2024, total assets reached VND 718 billion, an increase of more than 6% compared to the beginning of the year, of which cash and bank deposits were VND 285.7 billion, a decrease of 10.7% compared to the beginning of the year. Undistributed profit after tax was nearly VND 54 billion.
On the stock market, CLL shares are trading at around VND42,000/share, up about 14% compared to the beginning of the year.
At the end of July, the Ho Chi Minh City Stock Exchange (HoSE) put CLL shares on the list of stocks ineligible for margin trading because the company received a conclusion from the tax authority that the company violated tax laws. In mid-July, the Ho Chi Minh City Tax Department determined that the company violated Clause 4, Article 103, Clause 4, Article 108, Chapter XII of the Law on Tax Administration and Point b, Clause 1, Article 11 of Decree 129/2013/ND-CP with an amount of VND218 million.
Source: https://baodautu.vn/cang-cat-lat-tra-co-tuc-nam-2023-ty-le-26-bang-tien-d222837.html
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