“Brewery Giant Pours 30% Cash Dividends, Yet Profits Evaporate by 74% Despite Record-Breaking Semiannual Revenue”

With over 3.1 million shares in circulation, the company anticipates shelling out nearly VND 9.4 billion for the upcoming payment on October 17th.

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Hanoi Beer Trading Joint Stock Company (HNX: HAT) has just announced September 16 as the ex-dividend date for the 2024 cash dividend payment with a ratio of 30%, equivalent to VND 3,000 per share.

With over 3.1 million shares outstanding, the company expects to pay out nearly VND 9.4 billion in the upcoming October 17 payment.

Hanoi Beer, Alcohol and Beverage Joint Stock Corporation (Habeco, HOSE: BHN) – a major shareholder holding 60% of HAT’s capital – is expected to receive more than VND 5.6 billion.

Since its listing on HNX in 2010, HAT has maintained a consistent annual cash dividend policy. In 2022, the company paid a 40% dividend, but subsequently lowered it to 30% for 2023-2024 and plans to further reduce it to 20% for 2025. The lowest in history was 5% in 2021.

HAT’s share price in the past year

Financial results for the first half of 2025 recorded revenue of approximately VND 720 billion, up 11% and the highest in the semi-annual cycle. However, net profit decreased sharply by 74%, to VND 3.3 billion – the lowest in the past 4 years.

The main reason is the increase in promotion, product introduction and transportation costs, which narrowed the profit margin. After 6 months, HAT has completed only 46% of the revenue plan and 26% of the profit target for the whole year.

On the HNX, HAT shares on August 29 are trading at VND 42,000/share, down nearly 7% in a month and 5% lower than the same period last year. Liquidity is very low, with an average of only 400 shares/session.

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