**Dong Anh Gear Joint Stock Company (Code: DFC) Announces Dividend Payment for 2023**
Dong Anh Gear Joint Stock Company (code: DFC) announces that August 28 will be the record date for the 2023 cash dividend payment, with a ratio of 20% per share (each share will receive VND 2,000). With 11.4 million shares outstanding, the company will have to spend approximately VND 23 billion on dividend payments.
According to our research, Dong Anh Gear Joint Stock Company was established in 1974 and officially operated as a Joint-Stock Company from 2009. The company operates in various industries, including manufacturing metal components and automotive parts, mechanical engineering, and more. Notably, the company is a trusted partner of well-known foreign joint ventures specializing in assembling automobiles and motorcycles such as Honda, Yamaha, and Piaggo, among other renowned brands.
In terms of business performance, in 2023, DFC recorded VND 1,202 billion in net revenue, a decrease of nearly 15% compared to the previous year. However, after-tax profit still achieved an 18% growth rate compared to 2022, resulting in more than VND 31 billion. The profit increase was due to reduced input costs compared to 2022.
At the recent Annual General Meeting, DFC approved the 2024 business plan with a projected total revenue of VND 1,130 billion and after-tax profit of VND 29.4 billion.
In the market, DFC shares often exhibit low liquidity, with many trading sessions without any transactions. Currently, the share price stands at VND 20,200 per share, an 18% increase compared to the beginning of the year.
