SABECO prepares a solid foundation before 2025

There are only a few days left until the end of the old year 2024 and Saigon Beer - Alcohol - Beverage Corporation (SABECO, stock code SAB) is ready to step firmly into the new period of 2025. A meaningful gift at the time of transition December 27, 2024 is the last registration date for SABECO shareholders to receive 20% cash dividends, accordingly, the official payment date will be made on January 23, 2025 and each share will receive 2,000 VND in dividends. To pay this dividend to shareholders, SABECO will spend up to nearly 2,600 billion VND. This can be considered a meaningful gift from the company to shareholders on the occasion of the transition between the old year and the new year. At the same time, this message also affirms the company's commitment to its responsibility to shareholders that has been persistently implemented over many years.

Saigon Beer product lines

A solid financial foundation has always been a reliable factor that SABECO has maintained consistently through many business cycles and that has continued to be maintained in 2024. As of the end of September 2024, SABECO had a total equity capital of up to VND 26,222 billion. This is an achievement that the company has accumulated over many years and thanks to that, the company is not heavily dependent on borrowed capital. The total value of the company's liabilities is only over VND 6,012 billion, accounting for less than 23% of the equity value. In 2024, the company's capital continues to accumulate through business activities that are gradually recovering positively. In the third quarter of 2024, SABECO's total revenue reached more than VND 7,670 billion, after-tax profit reached more than VND 1,161 billion, up 3% and 8% respectively over the same period. In the first 9 months, SABECO's total revenue and profit increased by 4% and 7%, respectively. By the end of September 2024, the value of undistributed profit after tax reached VND 10,914 billion. Confident at the threshold of 2025 At the end of 2024, SABECO officially opened the SABECO Beer Industry Research and Development Center (SRC), marking a new step forward for the enterprise in its journey towards the goal of completely mastering technology and creating many new high-quality products, contributing to strongly affirming the value of Vietnamese brands in the international arena.

SABECO Beer Research and Development Center (SRC) is built as a miniature brewery.

SRC is an important milestone in SABECO’s strategy to increase production capacity, create world-class beer products for consumers and thereby expand the brand’s footprint in the international market. The opening of this SRC center is a testament to SABECO’s commitment to constantly innovate and apply technology to promote efficiency in production and business and increase competitiveness in the market. The continued in-depth investment to improve SABECO's efficiency and position is also one of the important preparation steps for SABECO to continue to seize new opportunities before 2025. In particular, macroeconomic signals also show many favorable signals, especially the production speed and domestic consumption demand are both recovering after the difficulties of the 2022 - 2023 period. Regarding industrial production, according to data from the General Statistics Office, the industrial production index (IIP) in November 2024 increased by 2.3% compared to the previous month and increased by 8.9% compared to the same period last year. In the 11 months of 2024, IIP increased by 8.4% compared to the same period last year (the same period in 2023 increased by 0.9%). Regarding the consumer market, total retail sales of goods and consumer service revenue at current prices in November 2024 are estimated at VND 562.0 trillion, up 8.8% over the same period last year. In the first 11 months of 2024, total retail sales of goods and consumer service revenue at current prices reached VND 5,822.3 trillion, up 8.8% over the same period last year (in the same period in 2023, it increased by 9.7%), if excluding the price factor, it increased by 5.8% (in the same period in 2023, it increased by 7.0%)./. Source: https://thoibaotaichinhvietnam.vn/sabeco-san-sang-nen-tang-vung-chac-truoc-them-nam-2025-167313.html