In Vietnam, the season of shareholder meetings has just started but many companies have revealed huge cash dividend, with payout ratio reaching 35 percent, 50 percent, 55 percent or even 70 percent.
Vietnam Container Shipping Joint Stock Company (VSC) released the Resolution of the Annual General Meeting of Shareholders in 2014. Accordingly, the AGM approved the revenue target of VND785 billion, net profit of VND187.5 billion and a dividend rate of 20-30 percent.
In addition, its shareholders also voted for the issue of 5,729,210 shares in the form of dividend, extracted from retained earnings in 2013. The distribution is expected in the second quarter of 2014.
The 2014 Annual General Meeting of Shareholders of Hoa Phat Group Joint Stock Company (HPG) ratified many important contents, including the targeted revenue of VND23 trillion and the profit after tax of VND2.2 trillion in 2014. The meeting also adopted the dividend distribution schedule for 2013 and the expected dividend payout ratio for 2014. Specifically, the company will pay a 30 percent dividend, including 15 percent in cash and 15 percent in share, payable in the second quarter of 2014.
In 2013, HPG made VND19.2 trillion of revenue and VND2.01 trillion of net profit, equal to 104 percent and 168 percent of the full-year plan, respectively. The group’s revenue and profit also expanded 12 percent and 95 percent over 2012, respectively.
Vinh Plastic and Bags Joint Stock Company (VBC) also announced the record date for cash dividend payment for the fiscal year 2013. The dividend rate reaches 50 percent, or VND5,000 per share.
At the shareholder meeting on March 22, the company adopted the business plan for 2014, with a target revenue of VND590 billion and an expected profit of VND19.5 billion. The payout ratio for the fiscal year 2014 was expected at 30 percent. In 2013, its sales of goods and services totalled more than VND653 billion and its net profit was VND22.25 billion.
The 2014 Annual General Meeting of Shareholders of FPT Corporation agreed the cash dividend rate of 30 percent (VND3,000 per share) and the share dividend rate of 25 percent (every four existing shares get one dividend share) for the fiscal year 2013. The distribution is expected to take place in the second quarter of 2014. The meeting also approved the payout ratio of 20 percent (VND2,000 per share) for 2014 but the official and final rate will be decided by the next year shareholder meeting.
Shareholders also approved the business plan for 2014, with revenue of VND31,892 billion, pre-tax profit of VND2,672 billion and net profit of VND1,775 billion, representing respective growth rates of 11 percent, 6 percent and 10 percent. Its core business fields, namely software development, information technology services and telecom services, will have respective growth rates of 26 percent, 20 percent and 18 percent.
FPT ended the year 2013 with a gross revenue of VND28,647 billion and profit before tax of VND2,516 billion. Its net profit was VND2,065 billion and earnings per share (EPS) were VND5,858. Revenue from overseas markets was VND2,692 billion.
The Resolution of the 2014 Annual General Meeting of Shareholders of Ha Giang Mineral and Mechanics Joint Stock Company (HGM) stated dividend rates of 50 percent for 2014 and 70 percent for 2013.
Its shareholders also passed the business results in 2013. Its revenue grossed VND165.7 billion, equal to 98.67 percent of the full-year plan. Its antimony output reached 811.44 tonnes, or 101.43 percent of the yearly plan, while its sold volume was 812.87 tonnes, or 101.61 percent of the plan. Its profit before tax was VND95.38 billion, equal to 79.49 percent of the plan.
The shareholders also agreed on the company’s business plan for 2014, with antimony output and sale of over 800 tonnes, pre-tax profit of VND75 billion (down 21 percent over 2013) and a dividend rate of at least 50 percent. Before the meeting, the company planned a pre-tax profit of VND56 billion in 2014.
V.D
Vietnamese
