Inauguration of Coking Coal Production Joint Stock Company. Photo: Vinacomin.
Coking Coal Joint Stock Company – Vinacomin (Stock code: TC6) recently announced the last registration date to establish a list of shareholders for the implementation of the 2023 dividend payment in cash.
Accordingly, the last registration date is May 15th, the implementation time is June 11th.
The implementation rate is 3%/share (1 share will receive 300 VND), with 32,496,105 shares in circulation, it is estimated that Coking Coal will need to spend about 9.9 billion VND to complete this payment.
Regarding the business situation, at the end of the first quarter of 2024, Coking Coal brought in 505.4 billion VND in revenue, up 16.8% over the same period last year. After deducting the cost of goods sold, the company’s gross profit was 33.7 billion VND, almost unchanged compared to the same period.
During the period, financial expenses and sales expenses were reduced by 41.8% and 44% respectively, to 6.4 billion VND and 574.4 million VND. In contrast, corporate management expenses increased by 24.6% to 22.8 billion VND.
As a result, Coking Coal reported a profit of 2.5 billion VND in the first quarter of 2024, a slight increase compared to the same period last year.
In 2024, Coking Coal targets revenue of 1,751.7 billion VND, pre-tax profit of 26.7 billion VND, and plans to pay a minimum dividend of 6%.
