Arranging to pay cash dividends in 2022 and organizing the regular General Meeting of Shareholders (GMS) in 2024
Song Da 5 Joint Stock Company (HNX: SD5) has announced that it will organize the regular GMS in 2024 and distribute cash dividends for the year 2022, with an ex-dividend date of March 5, 2024.
The annual GMS of SD5 for 2024 is expected to be held in April 2024, with 1 share equivalent to 1 voting right. In the near future, SD5 has chosen March 21 to distribute cash dividends for the year 2022, at a rate of 6% (1 share will receive 600 VND).
With 30 million shares currently in circulation, SD5 needs to allocate nearly 15.6 billion VND to pay dividends. Out of this amount, the parent company, Song Da Corporation – Joint Stock Company (UPCoM: SJG), will receive over 10 billion VND, thanks to its ownership of 64.16% of the capital.
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Shareholder structure of SD5 as of the present
Source: VietstockFinance
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Exceeding the profit plan for 2023
Recently, SD5 has announced its financial statements for the fourth quarter of 2023, with net revenue decreasing by 21% compared to the same period, reaching 421 billion VND. However, SD5 still made a net profit of 3.4 billion VND, instead of a loss of 1.5 billion VND as in the same period last year, thanks to positive support from financial activities.
Specifically, in the last quarter of 2023, financial activities brought in nearly 9.2 billion VND in profit, while in the same period last year, there was a loss of nearly 3 billion VND, contributed by exchange rate differences.
For the whole year of 2023, SD5 achieved net revenue of 2,262 billion VND and a net profit of 21 billion VND, an increase of 26% and 21% respectively compared to the previous year. Compared to the net profit target of nearly 21 billion VND approved at the regular GMS in 2023, SD5 has exceeded the set plan by nearly 2%.
| Net profit of SD5 during the period 2019-2023 |
