On the stock market, CTS closed Friday up 6.3 per cent to VNĐ9,500 per share. It has declined 11 per cent in less than 5 months. — Photo ttvn.vn HÀ NỘI — VietinBank Securities Joint Stock Company (CTS) plans to pay a 2018 dividend in cash at a rate of 10 per cent. Each shareholder with receive VNĐ1,000 per share, with the payout date September 27. With more than 106 million shares in circulation, CTS expects to spend more than VNĐ106 billion (US$4.5 million) for the payout, which will be funded by the undistributed after-tax profit of the company recorded as of December 31, 2018. In 2018, post-tax profit reached more than VNĐ150 billion, up 37 per cent compared to the same period in 2017. With a post-tax profit goal of VNĐ172 billion for 2018, CTS only achieved 87 per cent of the target. As of December 31, 2018, undistributed post-tax profit touched more than VNĐ183 billion. The company has also approved a … [Read more...] about VietinBank Securities to pay a cash dividend at 10 per cent rate
When will santos pay a dividend
HÀ NỘI — The Investment and Industrial Development Corporation (Becamex IDC) will pay a 6 per cent dividend payout in cash on August 1. That means every shareholder will receive VNĐ600 (US$0.26) for each share they own. That values the firm’s August dividend payment at VNĐ607.5 billion ($26 million). Becamex IDC will finalise the list of beneficiary shareholders on June 28. In 2018, the company earned VNĐ6.5 trillion and VNĐ2.34 trillion in total revenue and post-tax profit, respectively. The company plans to raise its charter capital to VNĐ20 trillion in 2019 and move from UPCoM to the Hồ Chí Minh Stock Exchange (HoSE). If the exchange-switching plan is approved, Becamex IDC will list all of its one billion shares on the southern bourse. Becamex IDC has more than one billion shares, of which nearly 24.8 million shares are traded on the Unlisted Public Company Market (UPCoM) with code BCM. In early December 2017, the … [Read more...] about Becamex IDC to pay 6% dividend in August
Net profit of Masan Consumer hit a six-year low at nearly VNĐ2.13 trillion, down 20 per cent year-on-year. — Photo baodauthau.vnViet Nam News HÀ NỘI — Food and beverage company Masan Consumer will pay a high cash dividend rate in June despite a steep decline in business in 2017. The consumer goods arm of Masan Group decided to pay shareholders cash dividends at 45 per cent, which means each share is worth VNĐ4,500 (20 US cents). The payment will be made on June 28 and the company will finalise the list of shareholders for the payout on June 18. In addition, it plans to pay bonus shares to existing shareholders this year at the rate of 15 per cent. The net revenues of Masan Consumer dropped 11 per cent in 2017, totaling VNĐ13.2 trillion (US$579 million). Its net profit hit a six-year low at nearly VNĐ2.13 trillion, down 20 per cent year-on-year. Masan Consumer has set a target for net revenues of VNĐ17 trillion to … [Read more...] about Masan Consumer to pay high dividends despite struggles
VietNamNet Bridge - In the past, some countries in Asia, Africa or Latin America were rich or had bright cultural development, but were often “robbed" by imperialists or colonialists. Visit the national museums of the United Kingdom, France, Portugal, or Spain, you can easily see a lot of treasures from Egypt, China, South America. But you do not see any treasure sourced from Vietnam. Except for the Dong Son bronze drum of ancient times, it seems that Vietnamese have not made any item that can be considered a “treasure”. The past There are many reasons given to explain the poverty of Vietnam. One of the major reasons is the "wet rice civilization" or the "village culture". They are usually used to explain gaps or weaknesses of Vietnam in the past. To be fair, before the industrial revolution and the presence of Western people with the steam locomotive, not only Vietnam but entire Asia was largely dependent on agriculture. The characteristic of this profession is … [Read more...] about When will Vietnam become a rich country?
Viet Nam News HÀ NỘI - Many listed companies have announced high dividends early this year to reward investors following a surge in profits last year. Steelmaker Hòa Phát Group (sticker HPG) will issue nearly 421.4 million shares worth over VNĐ4.2 trillion (US$184.2 million) to pay shareholders stock dividends at the ratio of 50 per cent. (Shareholders will receive five new shares for every 10 shares they own.) The company will close the shareholder list for this payout on March 31. In 2016, Hòa Phát posted a record after-tax profit of over VNĐ6.6 trillion, a year-on-year increase of 89.4 per cent. Its total undistributed profit reached VNĐ9.5 trillion ($416.7 million) by the end of 2016. Shares of the biggest listed steel firm climbed nearly 48 per cent in 2016 after a surge in net profits but have declined around 10 per cent this year after the company decided to adjust down its 2017 profit target. Quảng Ngãi Sugar JSC (sticker QSN), one of the biggest sugar manufacturers in … [Read more...] about Firms pay high dividends on 2016 profits – Economy – Vietnam News Politics, Business, Economy, Society, Life, Sports