ISH has announced a dividend payout ratio of 10%, equivalent to 1,000 VND per share. With 45 million shares currently in circulation, the company is estimated to distribute approximately 45 billion VND as dividends for the remaining period of 2023.
Earlier in late July, ISH distributed 45 billion VND (a 10% dividend ratio) as the first round of interim dividends for 2023. If successful, the total dividend ratio of ISH for 2023 will be 20%, equivalent to 90 billion VND. This also marks the third consecutive year that the company has maintained a 20% dividend ratio. For 2024, ISH plans to continue distributing dividends at a 20% ratio.
As of June 30, the General Construction Joint Stock Company IDICO (HNX: IDC) remains the parent company of ISH, holding nearly 23.3 million shares, equivalent to a 51.78% stake. The major shareholder, REE Energy Joint Stock Company, owns 34.3% of the shares, with both companies expected to receive approximately 23 billion VND and 15 billion VND, respectively, in ISH dividends.
Source: ISH
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In terms of business operations, for the first six months of 2024, ISH recorded a revenue of over 67 billion VND and a post-tax profit of nearly 20 billion VND, representing a decrease of 28% and 46%, respectively, compared to the same period last year.
With a target of achieving more than 77 billion VND in post-tax profit for 2024, ISH has only completed one-fourth of its goal in the first half of the year.
Regarding the parent company, on September 4, 2024, IDICO received an investment registration certificate for the IDICO Tan Phuoc 1 Industrial Park project in Tien Giang Province. The project spans 470 hectares and has a total investment capital of nearly 5,900 billion VND.
IDICO Tan Phuoc 1 Industrial Park, Tien Giang – Artistic Rendering. Source: IDICO
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IDICO has commenced the initial works for the development of the IDICO Tan Phuoc 1 Industrial Park, including land compensation and ground clearance, as well as the construction of essential infrastructure such as power and water supply, and other key industrial park infrastructure. The company aims to complete these works by the fourth quarter of 2025 to attract investment capital.
Thanh Tu
