Unlocking Profits: POS to Dish Out 400 Billion VND in Dividends, with PVS Reaping the Rewards

**PTSC Offshore Services JSC Announces Quarterly Dividend: A Consistent Performer in the Oil and Gas Industry**

PTSC Offshore Services JSC (POS) plans to distribute an estimated VND 400 billion in dividends for the current fiscal year. With 40 million shares outstanding, this translates to a substantial payout for shareholders.

The company’s largest shareholder, Vietnam Technical Services Corporation (PTSC), which holds 84.95% of POS’s shares, stands to receive approximately VND 339.8 billion. Another significant shareholder, OceanBank, with an 8.76% stake, is expected to receive over VND 35 billion.

POS has a consistent track record of paying annual dividends. At the 2024 Annual General Meeting, shareholders approved an 8% dividend payout ratio (VND 800 per share) for the fiscal year.

Established in 2007, POS is a subsidiary of PTSC and was formed through the separation from PTSC Production Services. The company primarily provides connection, commissioning, operation, and maintenance services for oil and gas and other industrial projects. Its international trading name is PTSC Offshore Services JSC (POS), and its headquarters are located in Vung Tau, Vietnam.

In terms of financial performance, POS experienced a mixed third quarter in 2024. While revenue increased by 14% year-over-year to nearly VND 437 billion, and gross profit margin improved significantly from 3.1% to 6.1%, resulting in a 125% increase in gross profit to nearly VND 27 billion, the negative impact of exchange rates hindered financial performance, leading to a 25% decline in net profit to just over VND 15 billion.

However, for the first nine months of the year, POS reported strong results, with revenue of VND 1,427 billion and net profit of over VND 68 billion, representing increases of 28% and 65%, respectively, compared to the same period last year.

Huy Khai