Miliket (CMN) closes the right to pay 13% cash dividend

VHO - After the General Meeting of Shareholders approved the halving of the 2024 dividend from 26% to 13%, Colusa - Miliket Food Joint Stock Company (stock code: CMN) quickly announced that on July 14, it will close the list of shareholders receiving rights.

Colusa – Miliket has approved a reduction in dividend payout ratio from the expected 26% to just 13%. Illustrative photo.

With a ratio of 13%, each shareholder owning 1 share will receive 1,300 VND. Payment date is July 30. Colusa - Miliket currently has 4.8 million shares in circulation, the estimated amount of dividend paid to shareholders will be 6.24 billion VND.

At the 2025 General Meeting of Shareholders held last June, Colusa – Miliket approved reducing the dividend rate from the expected 26% to only 13% - the lowest level since CMN listed its shares on UPCoM. Previously, Miliket regularly paid dividends from 17 - 33%.

This is the lowest dividend since CMN shares were traded on UPCoM, showing a strategic shift of the veteran instant noodle company. Colusa – Miliket leaders explained that the dividend reduction was necessary in the context that the company prioritizes retaining capital to repair machinery, meet increasing export orders and prepare for a new factory investment plan.

Miliket's 2025 business plan targets revenue of nearly VND869 billion, up 14% over the previous year. However, pre-tax profit is expected to reach only VND29 billion, a slight decrease due to many unfavorable factors such as reduced deposit interest rates, increased import taxes in export markets, and escalating input costs.

This plan was made by CMN in the context of reduced financial revenue due to lower deposit interest rates in 2025 than in 2024, and difficulties in the export market due to import tax policies of other countries. Meanwhile, raw material prices are expected to continue to escalate, along with increased land rents.

Therefore, if the 2025 plan is completed, the company will implement a dividend rate of 26%.

This year, the company will continue to develop modern sales channels in parallel with traditional values, especially completing the pre-feasibility study report for the investment project, relocating the factory in the South.

Source: https://baovanhoa.vn/kinh-te/miliket-cmn-chot-quyen-chia-co-tuc-13-bang-tien-149334.html