Seafood firm Vinh Hoan to pay dividend in shares
The Dong Thap Province-based Vinh Hoan Company (VHC), the largest tra fish exporter in Viet Nam, plans to issue nearly 91 million shares to pay a 2019 dividend.
The shares will be issued at the ratio of 1:1, which means a shareholder who owns one share will receive an additional share.
The source of dividend payout will come from the company’s undistributed post-tax profit as of December 31, 2018.
VHC’s undistributed post-tax profit reached VND3.1 trillion (US$134 million) at the end of 2018.
In the first nine months of this year, VHC achieved VND718 billion in pre-tax profit, down 55 per cent compared to the same period last year.
In the fist 10 months of this year, the company’s export turnover reached $229 million, down 16.6 per cent year-on-year, lower than the same period in 2017.