PV Trans Pacific (PVP) is about to pay a dividend at a rate of 10%

PV Trans Pacific (PVP) is about to pay a dividend of 10% - photo 1 — It is estimated that PV Trans Pacific will pay a total of more than 103.7 billion VND in the upcoming dividend payment. Illustrative photo

On November 6, PV Trans Pacific will close the list of shareholders to pay 2024 cash dividends at a rate of 10%, equivalent to shareholders owning 1 share will receive 1,000 VND and the expected payment date is November 28.

With more than 103.7 million shares outstanding, it is estimated that PV Trans Pacific will pay a total of more than VND103.7 billion in the upcoming dividend payment.

If considering PVP's ownership structure as of June 30, PetroVietnam Transportation Corporation (PV Trans Corp, stock code: PVT) is the largest shareholder and also the parent company with a direct holding ratio of 64.92% of capital, which can earn nearly 67 billion VND. In addition, the major individual shareholder, Mr. Le Ngoc Anh, holding 6.74% of capital, will earn nearly 7 billion VND.

The ownership structure at PVP has changed slightly compared to the beginning of the year, when Mr. Le Ngoc Anh slightly increased his holding from 6.7% to 6.74%, while an organization, Vietnam Joint Stock Commercial Bank for Foreign Trade Securities Company Limited (VCBF), reduced from 1.59% to 0%.

Regarding business activities, in the first half of 2025, PV Trans Pacific recorded revenue of VND 978.1 billion, up 33.4% over the same period, profit after tax reached VND 85.4 billion, down 11.6% over the same period. In particular, gross profit margin decreased sharply from 21.5% to 14.4%.

In 2025, PV Trans Pacific plans to do business with total revenue of VND 1,850 billion, equivalent to the same period, expected pre-tax profit of VND 245 billion and pay to the State budget VND 61.4 billion.

Thus, ending the first half of 2025 with pre-tax profit reaching VND 108.5 billion, PV Trans Pacific has only completed 44.3% of the yearly plan.

In contrast to the declining business situation, in the first half of 2025, PV Trans Pacific still recorded a positive main business cash flow of VND 271 billion compared to the same period of VND 251.9 billion. In addition, in the same period, investment cash flow was negative VND 203.5 billion and financial cash flow was negative VND 100.09 billion, mainly due to paying down debt.

According to PVP, revenue growth was due to the additional contribution from the new investment vessel Pacific Pride, which was put into operation from October 2024, and increased revenue from commercial operations compared to the same period. However, profits decreased due to the impact of the downward trend in freight rates, increased cost of goods sold and financial expenses.

Source: https://baovanhoa.vn/kinh-te/pv-trans-pacific-pvp-sap-tra-co-tuc-ti-le-10-175088.html