Vinamilk announced that it will allocate 5,100 billion VND to distribute dividends for the end of 2023 and the first quarter of 2024, with a total rate of 24.5%, meaning each share will receive 2,450 VND.
Vinamilk Joint Stock Company (stock code: VNM) has just announced the closing of the shareholder list for the final cash dividend payment of 9.5% for 2023 and the first dividend payment of 15% for 2024. Shareholders will receive a total of VND 2,450 (24.5%) per share.
The company stated that the last registration date is September 25th and payment will be made on October 24th. With nearly 2.09 billion shares listed, Vinamilk is estimated to allocate more than 5,100 billion VND for this dividend payment.
The State Capital Investment and Business Corporation (SCIC), Vinamilk's largest shareholder with 36% of the charter capital (equivalent to over 752 million shares), will receive VND 1,843 billion. F&N, owned by Thai billionaire Charoen Sirivadhanabhakdi, holds 17.69% (equivalent to approximately 370 million shares) and will receive approximately VND 905 billion. Additionally, Platinum Victory Pte. Ltd and Jardine Matheson Limited, each owning 10.62% (equivalent to nearly 222 million shares), will receive nearly VND 543 billion.
Previously, Vinamilk had made three interim dividend payments for 2023, including the first at a rate of 15% paid in early October 2023, the second at 5%, and the third at 9%, paid on February 28th and April 26th of this year, respectively. Thus, including this latest payment, Vinamilk has allocated a total of VND 8,046 billion for dividends in 2023, equivalent to 91% of consolidated after-tax profit attributable to the company's owners.
According to documents presented at the annual general meeting of shareholders held at the end of April , Vinamilk expects the total dividend for the whole year of 2024 to be the same as last year, at 38.5%, meaning each share will receive 3,850 VND.
After a sharp increase from 65,000 VND to 76,000 VND, VNM shares underwent a correction for three consecutive sessions, bringing the price back to around 74,000 VND. The dividend announcement helped the stock rebound slightly from its reference price this morning (August 23rd), reaching 75,300 VND. Compared to the price at the beginning of the year, the stock has accumulated approximately 10%.
According to the audited financial report, the company recorded net revenue in the second quarter of 2024 of approximately VND 16,656 billion, an increase of 9.6% compared to the same period last year. Gross profit exceeded VND 7,067 billion, with a return on investment of 42.4%. After deducting expenses, pre-tax profit was over VND 3,308 billion and after- tax profit for this period was nearly VND 2,696 billion, both increasing by 21% compared to the same period last year.
For the first half of the year, Vinamilk's net revenue exceeded VND 30,768 billion, an increase of nearly 6% compared to the same period last year. Gross profit reached VND 12,979 billion, with a gross profit margin of 42.2%. Pre-tax profit for this period was over VND 6,014 billion, an increase of 19.3% compared to the same period last year. After- tax profit was approximately VND 4,903 billion, an increase of 18.6% compared to the same period.
Vinamilk aims for consolidated total revenue of VND 63,163 billion this year, a 4.4% increase compared to VND 60,479 billion last year. If achieved, this would be the highest revenue in Vinamilk's history, surpassing the record of VND 61,012 billion set in 2021. The target for pre-tax profit is VND 11,516 billion, a 5% increase compared to VND 10,968 billion last year. After- tax profit is expected to grow at a slower rate, increasing by only 4% year-on-year to VND 9,376 billion.
After six months, the company had achieved 48.7% of its revenue plan and 52.2% of its profit target.
In the annual report, Ms. Mai Kieu Lien, General Director of Vinamilk, said that the company's priority this year is to continue to recover market share and sales in a sustainable and profitable manner. "That is why we will maintain our focus on optimal operational solutions to have more budget to serve market development and strengthen brand strength," Ms. Lien shared.
As of June 30, Vinamilk's total assets reached VND54,194 billion. Liabilities were VND15,856 billion, down 10% compared to the beginning of the year. Most of the company's debt structure was short-term with more than VND15,403 billion. Owner's equity was more than VND38,337 billion, undistributed profit after tax reached VND6,000 billion.
Source: https://baodautu.vn/vinamilk-danh-5100-ty-dong-chia-co-tuc-d223095.html
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