Seafood firm Vĩnh Hoàn to pay dividend in shares

December 04, 2019 - 07:24
The source of dividend payout will come from the company’s undistributed post-tax profit as of December 31, 2018.

 

Workers at the Vĩnh Hoàn JSC process fish for export. In the first nine months of this year, VHC achieved VNĐ718 billion in pre-tax profit, down 55 per cent compared to the same period last year. — Photo baodautu.vn

HÀ NỘI — The Đồng Tháp Province-based Vĩnh Hoàn Company (VHC), the largest tra fish exporter in Việt Nam, plans to issue nearly 91 million shares to pay a 2019 dividend.

The shares will be issued at the ratio of 1:1, which means a shareholder who owns one share will receive an additional share.

The source of dividend payout will come from the company’s undistributed post-tax profit as of December 31, 2018.

VHC’s undistributed post-tax profit reached VNĐ3.1 trillion (US$134 million) at the end of 2018.

In the first nine months of this year, VHC achieved VNĐ718 billion in pre-tax profit, down 55 per cent compared to the same period last year.

In the fist 10 months of this year, the company’s export turnover reached $229 million, down 16.6 per cent year-on-year, lower than the same period in 2017. — VNS

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