Seafood firm Vinh Hoan to pay dividend in shares

05-Dec-2019 Intellasia | VNS | 6:02 AM Print This Post

The Dong Thap Province-based Vinh Hoan Company (VHC), the largest tra fish exporter in Vietnam, 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 VND3.1 trillion (US$134 million) at the end of 2018.

In the first nine months of this year, VHC achieved VND718 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.

http://bizhub.vn/markets/seafood-firm-vinh-hoan-to-pay-dividend-in-shares_311482.html

 


Category: Stocks, Vietnam

Print This Post