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The 2024 Annual General Meeting (AGM) of VGR is scheduled to be held at 3:00 p.m. on March 14th at the head office – Dinh Vu Economic Zone – Cat Hai Ward, Hai An District, Hai Phong City, according to the list of shareholders as of January 29th, 2024.
Looking back at 2023, the revenue of VGR reached nearly VND 896 billion, an increase of 10% compared to the previous year; however, the pre-tax profit decreased by 2% to VND 307 billion. The Company still exceeded 26% of the revenue target and 46% of the profit target set for the year.
In 2024, Green Vip Port proposes a revenue target of VND 774 billion and a pre-tax profit target of VND 240 billion, a respective decrease of 14% and 22% compared to 2023. If the plan is accomplished, the 2024 revenue of VGR will reach its lowest level in the past 4 years since 2021.
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Business results for 2020-2023 and the plan for 2024 of VGR
(Unit: Billion VND)
Source: VietstockFinance
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Regarding profit distribution plan, VGR has already paid an interim dividend of 10% in cash for the 1st quarter of 2023. In the near future, the Company will distribute the remaining dividend for the year with a ratio of 30%.
Therefore, for the second consecutive year, the Company maintains a total dividend ratio of 40%, equivalent to a disbursement amount of around VND 253 billion. With a ownership ratio of 74.35%, Vietnam Container Corporation (HOSE: VSC) expects to receive VND 188 billion in dividends from VGR.
