 |
|
TNG Dai Tu Factory
|
TNG Textile and Garment Joint Stock Company is about to finalise its list of shareholders for the 2023 dividend payout in shares at an 8% ratio (100 shares owned will receive 8 new shares), corresponding to the issuance of nearly 9.1 million new shares. The ex-dividend date is set as July 12, 2024. Following this issuance, the company’s charter capital will increase to nearly VND 1,230 billion.
Combined with two previous interim dividends of 8% in cash (VND 800 per share), the total dividend ratio for 2023 stands at 16%, fulfilling the plan assigned by the Annual General Meeting of Shareholders. This also marks the fifth consecutive year since 2019 that TNG has maintained its dividend at 16% (8% in cash and 8% in shares) and the 16th year of upholding its dividend policy since its listing on HNX in 2007.
For 2024, the company plans to pay a minimum dividend of 16% of its charter capital, along with a targeted revenue of VND 7,900 billion and post-tax profit of VND 310 billion, representing an increase of 11% and 41%, respectively, compared to 2023. As of the first quarter, the company has earned a profit of VND 42 billion, achieving 13.5% of its annual plan.
|
TNG’s Financial Performance for the Last 5 Years |
|
|
In other news, on June 20, the State Securities Commission of Vietnam (SSC) issued an administrative sanction decision, fining TNG VND 130 million for its failure to disclose information within the prescribed time frame and with complete content as per regulations.
In the stock market, since mid-April, TNG’s share price has surged by over 40% and is currently trading at VND 27,400 per share in the session on July 03, 2024 – the highest price in over two years.
|
TNG Share Price Movement since the Beginning of 2024 |
|
|
By The Manh
Bamboo Capital (BCG) surpasses 4,000 billion VND in revenue, reduces debt by 5,500 billion VND by 2023
The amount of debt to be paid has been reduced by more than 5,498 billion VND as the Group has actively settled all borrowings in order to lessen the cost of interest and ensure financial stability for the business.
Tracodi (TCD) earns 163 billion VND profit in 2023
Throughout the year 2023, Tracodi achieved a consolidated net revenue of VND 1,784.5 billion and a post-tax profit of VND 163.3 billion.
Profit from Sugarcane, Durian, and Leafy Vegetables with the Lunar New Year approaching
Good news for farmers in the Mekong Delta provinces as the prices of sugarcane, durian, and vegetables… have skyrocketed during the days leading up to the Lunar New Year, providing them with attractive sources of income.
