TCH Chairman Do Huu Ha's family is about to receive 150 billion VND in dividends.

Hoang Huy Financial Services Investment Joint Stock Company (HoSE: TCH) has just approved a resolution of the Board of Directors on the provisional payment of 2023 cash dividends. The last registration date to close the list of shareholders receiving provisional dividends is September 5, 2023. The expected payment date is September 15.

The implementation rate is 5%, equivalent to 500 VND for each share owned. With more than 668 million shares in circulation, it is estimated that TCH needs to spend more than 334 billion VND for this dividend payment. The source of capital for payment is taken from the company's undistributed after-tax profit.

Thanks to holding more than 44% of charter capital, Chairman Do Huu Ha's family is expected to receive nearly 150 billion VND in dividends this time.

At the end of the session on August 22, TCH shares had an impressive trading session when they increased by 6.7% to the ceiling price of VND 12,700/share.

Finance - Banking - TCH Chairman Do Huu Ha's family is about to receive 150 billion VND in dividends — TCH stock price movements from the beginning of the year until now (Photo: TradingView).

Regarding business performance, in the first quarter of fiscal year 2023 (from April 1 to June 30), TCH recorded VND 317 billion in net revenue, up 35%, and after-tax profit reached VND 170 billion, up 68% over the same period in 2022.

Cost of goods sold was VND 207 billion, up 9.5% over the same period in 2022. Mainly from real estate cost of VND 138 billion. Revenue from the company's financial activities was VND 128 billion, mainly from interest on deposits and loans.

As of June 30, TCH's total assets reached VND14,625 billion, a slight increase compared to April 1. Cash and cash equivalents, term deposits were about VND6,623 billion.

Equity reached VND 11,809 billion, including VND 1,053 billion in undistributed profit after tax .

Thu Huong

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