ADC is expected to hold its annual general meeting on April 17, 2024 in Hanoi. By May 10, 2024, the Company will pay an interim dividend for 2023 in cash.
With an implementation rate of 15% per share (1 share receives 1,500 VND) and nearly 4 million shares outstanding, ADC is estimated to need nearly 6 billion VND as an interim dividend advance for its shareholders.
According to the resolution of the Annual General Meeting for 2023, ADC plans to distribute the 2023 dividend at a rate of 15% per share. Therefore, with the above interim dividend payment, the Company has fulfilled its set plan.
By the end of 2023, ADC earned a net profit of over 14 billion VND, a slight increase of 8% compared to the previous year. In the fourth quarter of 2023, the Company’s net profit decreased sharply by 34% compared to the same period, to nearly 5 billion VND, due to the rapid increase in cost of goods sold.
In 2023, ADC set a target of 400 billion VND in revenue and 17.5 billion VND in profit, a slight increase of 2% compared to 2022. The Company has achieved both targets.
As of the end of 2023, ADC’s total assets remained unchanged compared to the beginning of the year, at over 161 billion VND. In particular, cash and cash equivalents increased significantly, by 3.5 times compared to the beginning of the year, to over 39 billion VND.
On the other hand, asset items that reduced the assets included short-term financial investments (down 30%), accounts receivable (down 19%), inventories (down 20%), and fixed assets (down 7%).
Liabilities decreased by 7% compared to the beginning of the year, to over 83 billion VND. Among them, short-term payables to vendors and short-term prepayments from customers decreased by 4% and 36% respectively, to nearly 44 billion VND and 709 million VND. The Company does not use financial leverage when it has no debt.
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Art and Communication Joint Stock Company (ADC) was established in 2007, formerly known as the Art and Design Editorial Board and the Preschool Design Book Editorial Board under the Ministry of Education and Training. The main business areas of the Company are graphic design for educational publications and other publications. |
