Traphaco closes the right to pay 20% cash dividend

The ex-dividend date will be January 3, 2025 and the dividend will be paid to shareholders on January 24, 2025.

Traphaco will spend nearly 83 billion VND to pay dividends to shareholders.

Traphaco Joint Stock Company (code TRA, HoSE) has just announced the closing of the shareholder list on January 6, 2025 to make the first interim dividend payment in 2024 in cash at a rate of 20% (1 share receives 2,000 VND). Thus, the ex-dividend date will be January 3, 2025 and the dividend will be paid to shareholders on January 24, 2025.

With more than 41.45 million shares in circulation, Traphaco is expected to spend nearly VND83 billion to pay dividends to shareholders. The State Capital Investment Corporation (SCIC) is currently the largest shareholder, owning nearly 14.79 million TRA shares, equivalent to 35.67%, and will receive nearly VND30 billion in dividends.

Recently, Traphaco High Technology Joint Stock Company (code CNC, UPCoM floor) will also pay 2024 cash dividends at a rate of 20% (1 share receives 2,000 VND). The ex-rights trading date is December 16, 2024 and the last registration date is December 17, 2024. With nearly 11.4 million shares in circulation, it is estimated that the company needs to spend nearly 23 billion VND to complete the advance payment to shareholders, while meeting the annual plan assigned by the Annual General Meeting of Shareholders. The expected payment date is December 30, 2024.

Traphaco is holding nearly 5.8 million CNC shares, equivalent to 50.97% of capital. Traphaco is expected to receive nearly 11.6 billion VND in dividends from Traphaco High Technology.

In the third quarter of 2024, Traphaco achieved VND 564 billion in revenue, down slightly by 2% year-on-year. Profit after tax decreased sharply by 41% to VND 38 billion. The reason was that revenue from the OTC channel (which accounts for 80% of revenue) decreased compared to the plan, while other products with low profit margins were higher, leading to increased cost of goods sold and expenses, pulling down profits. In addition, due to a sharp decrease in bank savings interest rates, financial revenue in the period decreased by VND 5 billion. Accumulated in 9 months, the company achieved VND 1,736 billion in revenue, up slightly compared to the same period. However, profit after tax decreased by 24% to only VND 160 billion.

On the stock market, TRA shares are trading at VND 78,600/share, up 6% compared to the end of last year.

Source: https://baodautu.vn/traphaco-chot-quyen-tam-ung-co-tuc-20-bang-tien-d232603.html