Source: VietstockFinance
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| BTT Share Price Movement since the Beginning of 2024 |
The BTT share price soared to the ceiling price following the announcement of the record date for shareholders to receive a 2023 dividend of 33.5% (VND 3,350/share), equivalent to a payout of over VND 45 billion. The ex-dividend date is September 4, 2024.
The company plans to distribute the dividend in two tranches, with the first tranche of 20% (VND 2,000/share) to be paid on September 17 and the second tranche of 13.5% (VND 1,350/share) on November 6.
BTT has a tradition of paying dividends to its shareholders since 2009, with payments made in 1-3 tranches per year and dividend rates ranging from 7-30% in cash. Most recently, the company paid a dividend of VND 2,000/share for 2022 and increased it to VND 3,350/share for 2023, the highest rate ever, fulfilling the commitment made at the Annual General Meeting.
BTT was transformed from a state-owned enterprise, formerly known as Ben Thanh General Trading Company, established in late 2003. Its main business areas are commerce and services, with a focus on retail services at Ben Thanh Market and Dan Sinh Market, as well as diversified import-export activities, construction, and hotel-office leasing. The legal representative is Mr. Tran Huu Hoang Vu, who serves as both the General Director and a member of the Board of Directors of BTT.
The company has undergone six capital increases, starting from an initial chartered capital of VND 25 billion to VND 135 billion in 2017, a five-fold increase. As of the second quarter of 2024, the Ben Thanh General Corporation, the largest shareholder, owned 41.39% of BTT’s capital.
In terms of business performance, in the first six months of 2024, BTT’s net revenue exceeded VND 136 billion, and its net profit reached VND 24.5 billion, up 24% and down 16%, respectively, compared to the same period last year. These figures represent nearly 55% of the annual revenue target and 60% of the annual profit target. In the second quarter alone, net profit was nearly VND 12 billion, a decrease of over 29% year-on-year, mainly due to a decline in profit from joint ventures and associates, despite higher revenue.
| BTT’s Business Performance from 2021 to 2024 by Quarter |
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