“Motorcycle Parts Company Locks in 100% Cash Dividend”

Fomeco, a leading automotive parts supplier to renowned brands such as Honda, Yamaha, and Piaggio, has announced an upcoming cash dividend for the year 2024. Shareholders will be delighted to know that the record date for this dividend is set for September 26, with payments commencing from November 12 onwards.

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With 3.7 million shares outstanding and a payout ratio of 100% (VND 10,000/share), FBC will distribute approximately VND 37 billion in dividends. The parent company, VEAM (holding 51%), is expected to receive nearly VND 19 billion.

Source: VietstockFinance

Notably, the dividend payout ratio for 2024 is only half of that in 2023 – when FBC distributed 200% dividends, despite a 4% increase in net profit to VND 76 billion in 2024. This is also the lowest payout in the last three years.

FBC’s Financial Performance over the Years

In 2025, FBC forecasts a 10% decline in revenue to over VND 1,010 billion due to order adjustments from major customers (Honda, Yamaha, and Techno Assio) and competitive pressures in Thai Nguyen. Financial income is also expected to decrease by 53% to VND 4 billion as a result of falling savings interest rates, leading to an estimated 11% drop in net profit to VND 67 billion.

Khang Di

– 08:08 05/09/2025

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