Hanoi Battery (PHN) is about to pay cash dividend at a rate of 20%

VHO - Hanoi Pin JSC (stock code: PHN) has just announced that on June 16, it will close the list of shareholders to receive the first interim dividend payment in 2025. Accordingly, Hanoi Pin will pay interim cash dividends at a rate of 20% (equivalent to 2,000 VND per share). Payment date is June 24.

Hanoi Battery will spend about 14.5 billion VND to pay interim dividends to shareholders this time. Illustrative photo

Thus, with 7.25 million shares in circulation, Hanoi Battery will pay about 14.5 billion VND in advance dividends to shareholders this time. Previously, at the 2025 Annual General Meeting of Shareholders held in April, PHN shareholders also approved this year's dividend plan of 50%.

Regarding business performance, in the first quarter of 2025, Hanoi Battery recorded revenue of VND 115 billion, down 11% compared to the same period in 2024. The decrease in revenue resulted in a 46% decrease in after-tax profit, down to VND 11.6 billion. Explaining this result, PHN said that the price of zinc raw materials increased by more than 20% compared to the same period, which was the main reason for the increase in the proportion of cost of goods sold, thereby affecting the company's profit margin.

For the whole year of 2025, Hanoi Battery set a business plan with a revenue target of 491 billion VND, an increase of 6% compared to 2024. However, pre-tax profit is expected to be only over 54 billion VND, down 26% compared to the previous year's results. With pre-tax profit in the first quarter reaching approximately 15 billion VND, the company has completed nearly 27% of the profit target set for the whole year.

PHN's management board forecasts that this year, the output of battery orders exported through GP will not be able to recover much and will not be stable compared to before. The plan to export batteries to India depends largely on the Indian Government 's policy through licensing.

At the same time, competition between domestic battery manufacturers and imported battery brands will continue to be fierce and intense, which will negatively impact the Company's production and business activities.

As of the end of the first quarter, the two largest shareholders of PHN are GP Batteries International Limited (Asia's leading manufacturer of consumer batteries and rechargeable batteries) and Mr. Pham Van Nghia - former Chairman of the Board of Directors - holding 49% and 5% of charter capital, respectively. It is estimated that they will receive more than VND7 billion and VND735 million in dividends, respectively, in this interim payment.

Source: https://baovanhoa.vn/kinh-te/pin-ha-noi-phn-sap-tam-ung-co-tuc-bang-tien-ti-le-20-141618.html