Vinacafé Bien Hoa Joint Stock Company (VCF-HOSE) announces the resolution of the Board of Directors on the record date for the 2023 cash dividend.
Accordingly, VCF will finalise the list of shareholders to pay a dividend of 250% (VND 25,000 per share). The record date is set as September 9, 2024, with the ex-dividend date on September 6, 2024, and the payment date on September 20, 2024.
With 26,579,135 shares outstanding, the company will distribute nearly VND 650 billion in dividends. Currently, VCF has only one major shareholder, Masan Beverage Company Limited, holding 98.79% of the charter capital (nearly 26.3 million shares). Masan Beverage is also a subsidiary of Masan Consumer Holdings (MCH – UPCoM).
As a result, Masan will receive approximately VND 664.5 billion in dividends from Vinacafé Bien Hoa through its subsidiary.
In terms of business performance, VCF reported net revenue of VND 578.4 billion, up 4% year-on-year; however, net profit decreased by 20% to VND 98 billion due to higher raw material costs. In the first half of 2024, VCF’s net revenue reached VND 1,062 billion, a 12.5% increase year-on-year, while net profit slightly decreased by 4% to VND 187 billion.
As of June 30, 2024, VCF’s total assets were VND 2,828 billion, with a significant proportion of accounts receivable. Short-term and long-term accounts receivable were VND 848 billion and VND 806 billion, respectively. The company’s owner’s equity increased from VND 2,221.7 billion to VND 2,299.5 billion, and retained earnings increased from VND 1,603.5 billion to VND 1,790 billion.
On August 23, VCF shares closed at VND 218,000, an 18% increase from the beginning of the year (VND 184,800 per share).
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