HoSE has recently announced that the ex-dividend date for Saigon VRG Investment Joint Stock Company (SIP on HoSE) is May 15, 2025, with the record date being May 16, 2025.
The company plans to distribute a cash dividend of 7% (VND 700 per share) for the second dividend payment of 2024. The payment is expected to be made on May 28, 2025.
With over 210.5 million SIP shares currently in circulation, Saigon VRG Investment is estimated to spend nearly VND 147.4 billion on this dividend payment.
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At the 2025 Annual General Meeting of Shareholders of Saigon VRG Investment, held on April 25, 2025, the company’s shareholders approved a dividend payout ratio of 32% for 2024, equivalent to over VND 673.7 billion.
Previously, in December 2024, the company distributed an interim cash dividend of 10% (VND 1,000 per share) for the first dividend payment of 2024, totaling over VND 210.5 billion.
Following the above dividend payments, Saigon VRG Investment is expected to distribute an additional VND 315.8 billion in dividends for 2024, representing a payout ratio of 15%.
In terms of business performance, according to the company’s consolidated financial statements for the first quarter of 2025, Saigon VRG Investment recorded net revenue of nearly VND 1,941.2 billion, a 6.3% increase compared to the same period last year. Gross profit reached over VND 320.2 billion, a 17.5% increase.
During this period, the company’s financial income was nearly VND 233.5 billion, 3.6 times higher than the previous year. Meanwhile, financial expenses increased by 163.6% to VND 43.5 billion, and selling expenses decreased by 46% to over VND 3.4 billion. Management expenses increased by 15.3% to over VND 21.8 billion.
After deducting expenses and taxes, the company reported a net profit of nearly VND 402.3 billion, a 56% increase compared to the same period in 2024.
As of March 31, 2025, Saigon VRG Investment’s total assets increased by 5.1% from the beginning of the year to over VND 26,325.9 billion. Short-term financial investments accounted for VND 5,957 billion, a 13.6% increase, and comprised 22.6% of total assets. Long-term assets under construction amounted to over VND 2,285.1 billion, or 8.7% of total assets, while investment properties totaled nearly VND 6,047.2 billion, representing 23% of total assets.
On the liability side of the balance sheet, total liabilities increased slightly by 4.2% to over VND 21,027.4 billion. Borrowings and finance lease liabilities stood at nearly VND 4,117.8 billion, accounting for 19.6% of total liabilities.
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