On September 20, VICEM Energy and Environment JSC will finalize the list of shareholders to carry out a 1% cash dividend payment for 2023 (1 share will receive VND 100). The ex-dividend date will be September 19. The expected payment date is October 24, 2024.
With over 31 million shares outstanding, VTV is expected to pay out more than VND 3 billion in dividends this time. Notably, this is the company’s cash dividend with a record low ratio. Since its listing on HNX in 2007, the company has consistently paid dividends to shareholders, with ratios ranging from 3% to 18%.
According to our information, VICEM Energy and Environment JSC (formerly known as VICEM Cement Materials Transportation JSC) is a state-owned enterprise under the Vietnam Cement Corporation. The company has been operating officially since January 5, 1991.
The company officially operated as a joint-stock company from April 24, 2006. Its headquarters is located at 21B Cat Linh, Cat Linh Ward, Dong Da District, Hanoi.
The main business line is wholesale of solid, liquid, and gaseous fuels and related products (wholesale of coal and other solid fuels).
In the first six months of 2024, VTV recorded revenue of nearly VND 648 billion, a decrease of 63% compared to the same period last year. High cost of goods sold eroded profits. After deducting other expenses, VTV recorded a pre-tax loss of over VND 6 billion, while in the same period last year, it made a profit of VND 6 billion.
Previously, in 2023, the company recorded a total revenue of VND 2,850 billion and a pre-tax profit of VND 13 billion, down 36% and 52%, respectively, compared to 2022.
On the stock exchange, VTV is currently trading at VND 4,800 per share.
