The Board of Directors of Thanh Thanh Cong - Bien Hoa Joint Stock Company (TTC AgriS, ticker SBT, HOSE) has just approved a plan to issue shares to pay dividends for the two fiscal years 2022-2023 and 2023-2024.
TTC AgriS is preparing to issue 74 million shares as a 10% dividend.
The Board of Directors of Thanh Thanh Cong - Bien Hoa Joint Stock Company (TTC AgriS, ticker SBT, HOSE) has just approved a plan to issue shares to pay dividends for the two fiscal years 2022-2023 and 2023-2024.
Specifically, TTC AgriS will issue over 74 million new shares at a ratio of 10%, meaning that for every 100 shares owned by a shareholder, they will receive an additional 10 shares.
Any fractional shares will be canceled. The issuance is expected to take place in the first quarter of 2025, using undistributed after-tax profits based on the audited semi-annual financial statements for 2023-2024.
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| TTC AgriS's sugarcane farm in Tay Ninh |
At the end of the first quarter of the 2024-2025 fiscal year (from July 1, 2024 to September 30, 2024), TTC AgriS recorded net revenue of VND 6,822 billion, a 7% increase compared to the same period last year. Pre-tax profit also increased by 5%, reaching VND 265 billion. The gross profit margin improved significantly, from 10.9% to 12.3%. The company aims for revenue of VND 26,168 billion and pre-tax profit of VND 900 billion for the entire 2024-2025 fiscal year. Thus, after the first quarter, TTC AgriS has completed 26% of its revenue target and 29% of its profit target.
Consumption volume exceeded 344,300 tons of sugar, a 10% increase compared to the same period last year. Both the export channel and the domestic MNC channel showed strong growth, increasing by 11% and 32% respectively compared to the same period. The FBMC segment was a highlight of this quarter's business performance, with impressive revenue growth reaching VND 108 billion, three times higher than the same period last year, thanks to the company's continuous launch of new nutritional beverage product lines such as C-Cane Crush and XIM bottled coconut water. TTC AgriS aims for FBMC revenue to account for 40% of total revenue by 2030. As of September 30, 2024, TTC AgriS's scale also expanded, with total assets exceeding VND 34,369 billion, further affirming the company's strong financial potential.
In October 2024, TTC AgriS announced its intention to invest up to approximately 40% of the charter capital of Ben Tre Import-Export Joint Stock Company (Betrimex), a leading Vietnamese company in the production, distribution, and trading of coconut products. The investment is scheduled to be completed in October 2024, within the 2024-2025 fiscal year. Successful investments in East Forged and the upcoming Betrimex will strengthen TTC AgriS's ability to anticipate market trends and customer demands, as well as complete its comprehensive product and service ecosystem in its strategy to expand into the FBMC (Fishing, Feed, and Meat Processing) sector.
In line with its strategic direction, alongside M&A activities, TTC AgriS will accelerate the sale and restructuring of its portfolio of investments outside the agricultural value chain to focus all its efforts on the company's core activities, aiming to deliver high value to shareholders and stakeholders.
Source: https://baodautu.vn/ttc-agris-chuan-bi-phat-hanh-74-trieu-co-phieu-chia-co-tuc-ty-le-10-d231641.html
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