Ca Mau Fertilizer Company distributes 30% dividend.

In Ca Mau, the PVCFC leadership has approved a dividend payout of 30% of charter capital, equivalent to 3,000 VND per share.

At the 2023 Annual General Meeting of Shareholders, held on June 12th, the management board of Ca Mau Petroleum Fertilizer Joint Stock Company (PVCFC) and shareholders finalized a dividend payout of 30% of charter capital. The dividend will be paid within 3 months after the meeting, in accordance with the company's dividend policy.

This year, the company plans for total revenue of nearly VND 13,500 billion and pre-tax profit of nearly VND 1,500 billion. This includes a production target of over 880,000 tons of urea equivalent and 160,000 tons of NPK. In terms of sales volume, urea sales are projected at 760,000 tons, urea-based products at 100,000 tons, NPK at 160,000 tons, and proprietary fertilizer sales at 211,000 tons.

Mr. Van Tien Thanh (fourth from the left) continues to be a member of the board of directors and General Director of the company. Photo: PVCFC

The General Meeting also reappointed Mr. Van Tien Thanh as a member of the Board of Directors and General Director of the company, and elected Mr. Le Canh Khanh as the company's auditor.

Shareholders also unanimously voted in favor of the proposal to amend and supplement the Gas Sales and Purchase Agreement with Vietnam Oil and Gas Group, aiming to provide PVCFC with a stronger legal basis for gas supply and pricing in the future.

Speaking at the meeting, Mr. Van Tien Thanh shared the company's six key objectives: production, business, research and development, investment cooperation to expand business, human resource development, and digital transformation. He emphasized the importance of operating the Ca Mau Fertilizer Plant efficiently, safely, and stably; improving and diversifying raw materials and products; and enhancing product quality and differentiation for consumers.

Regarding business operations, the leadership proposed maintaining the effectiveness of traditional markets and developing international business; researching and developing new products in line with green agriculture trends such as soluble NPK fertilizers, foliar fertilizers alongside organic microbial fertilizers, and high-tech farming solutions... The company will undergo digital transformation, strengthening the application of information technology in production, business, management, and communication.

In the medium and long term, the company aims to increase the sales volume of its fertilizer product lines by 6-10% annually, improve revenue growth by 5-10% annually; and strive to be one of the top five businesses in Southeast Asia in terms of revenue by 2025.

Petrovietnam Deputy General Director Le Xuan Huyen attended and spoke at the congress. Photo: PVCFC

Ca Mau Petroleum Fertilizer Joint Stock Company (PVCFC) is a business operating in the field of fertilizer production and trading. In 2022, PVCFC's consolidated revenue and profit reached record levels, exceeding VND 16,200 billion and nearly VND 4,600 billion respectively.

In parallel with ensuring production and business operations, PVCFC also follows a sustainable development orientation, ensuring a harmonious balance of interests for both the company and its customers, especially regarding policies for employees.

In addition to its business activities, the company focuses on social welfare activities. In 2022, PVCFC spent over 40 billion VND on building new rural areas, constructing rural economic infrastructure projects such as lighting, bridges, roads, clean water supply systems, and environmental sanitation... Building houses of compassion and solidarity for policy beneficiary families, sharing with farmers in disaster-stricken and flood-affected areas to overcome difficulties in life and restore cultivation. The company has also maintained the "Ca Mau Fertilizer - Golden Harvest Gem" scholarship fund for over 10 years and many activities for educational development.

The Dan

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