Vinh Hoan is about to spend 450 billion VND to pay cash dividends for 2024 at a rate of 20% of charter capital, meaning each share will receive 2,000 VND.
Vinh Hoan is about to spend 450 billion VND to pay cash dividends for 2024 at a rate of 20% of charter capital, meaning each share will receive 2,000 VND.
Vinh Hoan Joint Stock Company (stock code VHC) has just announced that the last registration date for shareholders to receive a 20% cash dividend is December 6 and payment will be made on December 18.
With nearly 225 million shares in circulation, Vinh Hoan is estimated to have reserved VND450 billion for interim dividends. Nearly half of this amount will go to Ms. Truong Thi Le Khanh, Chairwoman of the Board of Directors of Vinh Hoan Joint Stock Company, who currently holds 42.32% of the charter capital (equivalent to 95 million shares).
This interim dividend payment is made in accordance with the resolution passed at the annual shareholders' meeting in April 2024. The source of capital is from undistributed retained earnings as of the end of the second quarter of 2024.
In 2023, Vinh Hoan will also spend nearly VND450 billion to pay dividends at a rate of 20%. In 2022, the company will pay dividends to shareholders at a total rate of 40%, of which 20% is in cash and 20% is in shares.
On the HoSE, VHC shares increased slightly compared to the closing price on November 6, reaching VND73,200 billion. Compared to the price range a month ago (VND70,000), this code has accumulated nearly 5%. The average matching order in the last 10 sessions is about 500,000 units. Market capitalization is nearly VND16,363 billion.
Regarding business performance, Vinh Hoan recorded net revenue in the third quarter of 2024 of about VND 3,278 billion, up 22% over the same period. After deducting cost of goods sold, gross profit was about VND 579 billion, double the same period last year. Gross profit margin accordingly increased by 7 percentage points to more than 17%.
Financial and sales expenses increased by 80% to VND81 billion and 58% to VND90 billion, respectively. Meanwhile, administrative expenses decreased by 8% to over VND71 billion. After deducting expenses, the company reported pre-tax and post-tax profits of over VND401 billion, up 76% and VND341 billion, up 70% over the same period last year.
In the first 9 months, the company achieved net revenue of VND9,329 billion, up 22% over the same period. The company's main source of revenue comes from semi-finished products and goods with more than VND7,740 billion, up 25% over the same period last year. Gross profit during this period was more than VND1,314 billion, gross profit margin reached 14%.
Pre-tax profit was recorded at VND1,016 billion, a slight difference compared to the same period. After-tax profit was over VND870 billion, a slight decrease of 2% compared to the same period in 2023.
This year, Vinh Hoan has set a business plan with two scenarios. The company expects to achieve revenue of VND10,700 with the basic scenario and VND11,500 with the high scenario. After the first 3 quarters of the year, the company has completed 88% and 81% of the set targets, respectively.
Also at the annual meeting, Vinh Hoan plans to invest a total of VND930 billion in 2024. Specifically, the company will expand and upgrade its Collagen production capacity and renovate the factory at Vinh Hoan Collagen. In addition, the company will also invest in a planting project , invest in warehouses and add machinery and equipment for phase 1 of Thanh Ngoc fruit processing factory.
As of the end of the third quarter of 2024, the company's total assets were over VND 12,522 billion, an increase of VND 580 billion compared to the beginning of the year. Inventories accounted for over VND 3,355 billion in the company's total asset structure. Liabilities were over VND 3,512 billion, a slight increase compared to the beginning of the period and were mostly short-term items. Owner's equity was approximately VND 9,010 billion, accumulated profit was nearly VND 5,390 billion.
Source: https://baodautu.vn/vinh-hoan-tam-ung-co-tuc-gan-450-ty-dong-d229407.html
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