An Cuong Wood (ACG) only completed 18% of the plan, spending 120 billion to pay dividends

An Cuong Wood Joint Stock Company (ACG) announced the payment of the second dividend for 2023 in cash at a rate of 8%. This means each shareholder owning one share will receive a dividend of 800 VND. The last day to register for the dividend is June 25, 2024, and the expected payment date is July 10, 2024.

Currently, there are 150.8 million ACG shares outstanding on the market, so An Cuong Wood will need to spend VND 120.6 billion to pay the second dividend in 2023.

An Cuong Wood Company achieved 18% of its plan after Q1, paying a dividend at a rate of 8% (Photo courtesy of the company).

Regarding ACG's shareholder structure, NC Vietnam Investment Co., Ltd. holds 50.05% of ACG's charter capital, equivalent to receiving approximately VND 60.4 billion in dividends. Sumitomo Forestry, holding 19.61% of the charter capital, will receive VND 23.6 billion.

Previously, in December 2023, An Cuong Wood paid a cash dividend of 7%. Thus, ACG has paid a total dividend of 15% in 2023.

Regarding business operations, An Cuong Wood aims for revenue of VND 3,785 billion and after-tax profit of VND 440 billion in 2024. In the first quarter of 2024, the company achieved revenue of VND 695 billion and after-tax profit of VND 81.4 billion. Thus, An Cuong Wood has completed 18% of its 2024 plan.

Recently, the Board of Directors of An Cuong Wood also passed a resolution to participate in the consortium of contractors represented by Thang Loi Homes JSC to implement the Binh An Duc Hoa Urban Area project. The project covers an area of ​​13 hectares with a total investment of approximately 8,800 billion VND.

Source: https://www.congluan.vn/go-an-cuong-acg-sap-chi-120-ty-tra-co-tuc-post299983.html