On August 15, Express Mail Service Joint Stock Company (EMS) will finalize its list of shareholders to distribute a 10% cash dividend, equivalent to VND 1,000 per share. With nearly 21 million shares in circulation, EMS is expected to pay out approximately VND 21 billion to its shareholders. The payment is anticipated to be made by September 12, 2024.
EMS shares have been attracting attention due to their volatile performance recently. The stock price surged to an all-time high in late June but faced selling pressure at higher levels, leading to a correction. As of the market close on July 8, the share price stood at VND 37,500, reflecting a notable 71% year-to-date gain.
EMS, established in 2005 and operational since 2006, specializes in express delivery and logistics services. It is the sole company authorized by Vietnam Post to manage, operate, and offer domestic and international express delivery services. With a workforce of 2,300 employees, EMS has a network of 50 post offices in Hanoi, Da Nang, and Ho Chi Minh City. Additionally, its express delivery services are available through 63 provincial post offices across Vietnam, reaching even remote areas, border regions, and islands. EMS and Viettel Post, both under the Viettel conglomerate, are considered the leading players in the domestic delivery market.
In terms of shareholding structure, Vietnam Post is the parent company of EMS, holding 17.7 million shares, representing an 84.14% stake. Vietnam Post is expected to receive nearly VND 18 billion in dividends. Regarding business performance, for the first quarter of 2024, EMS reported VND 411 billion in revenue, a 9% decline year-over-year, and a 136% surge in profit after tax to VND 20 billion. Despite market complexities affecting revenue, EMS optimized costs by reorganizing production and improving its transport network, resulting in robust profit growth.
For the full year 2024, EMS has set targets of VND 2,126.5 billion in revenue and VND 87 billion in profit before tax. With the first quarter results, the company has achieved 19% of the revenue target and 28% of the profit target.
An insurance company is set to pay over 100 billion in cash dividends.
With 110.8 million shares in circulation, this insurance company will allocate approximately 110.8 billion dongs to pay interim dividends to shareholders.
Vietnam Education Publishing House to Receive Over 4 Billion VND from Subsidiary Company
With a 52.54% stake in Education Books and Equipment JSC (HNX: STC), the Vietnam Education Publisher is set to receive over 4 billion VND in dividends in 2023 from this subsidiary.
