According to a recent announcement by the Ho Chi Minh City Stock Exchange, June 10th is the last day for Sao Vang Rubber Joint Stock Company (SRC) to finalize its shareholder list for the 2024 dividend payment in cash. The payment date is scheduled for June 24th.
The dividend payout ratio is 6%, meaning each share will receive VND 600. With 28.06 million shares currently in circulation, Sao Vang Rubber plans to allocate more than VND 16.8 billion for this dividend payment.
Sao Vang Rubber finalizes the 2024 cash dividend payment date
As of the end of the first quarter of 2025, Hoanh Son Group Joint Stock Company was the largest shareholder, holding 50.2% of SRC’s charter capital. Therefore, the Group is expected to receive approximately VND 8.4 billion in dividends.
Vietnam Chemical Corporation (Vinachem), which owns nearly 36% of SRC, will receive more than VND 6 billion in dividends.
In terms of business results for the first quarter of 2025, SRC recorded a net revenue of VND 261 billion, a 49% increase compared to the same period last year. However, due to a significant rise in cost of goods sold, gross profit slightly decreased to below VND 30 billion.
Consequently, SRC reported a pre-tax profit of VND 4.4 billion, slightly higher than the previous year. After-tax profit stood at VND 2.7 billion, lower than the VND 3.3 billion recorded in the first quarter of 2024.
Notably, Sao Vang Rubber has set ambitious targets for 2025, aiming for a consumption revenue of VND 2,000 billion, representing an 88.1% increase compared to the actual revenue in 2024. This includes an industrial production revenue target of VND 970 billion (113.8% higher than the 2023 performance) and a commercial and other revenue target of VND 1,030 billion (a significant 487.5% increase compared to 2023).
The company’s pre-tax profit goal for 2025 is VND 100 billion, a 47.5% decrease compared to the previous year’s performance. Thus, after the first quarter, SRC has achieved approximately 2.7% of its annual profit target.
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