Dinh Vu Port to pay dividend in cash
Dinh Vu Port to pay dividend in cash
Dinh Vu Port Investment and Development JSC (DVP) has decided to pay a second dividend for 2019 in cash at a rate of 25 per cent.
With 40 million circulating shares in the market, the company will spend around VND100 billion (US$4.3 million) to pay the dividend to shareholders. The payment is scheduled on August 27.
At the end of December 2019, the company paid a dividend for 2019 in cash in advance at the rate of 15 per cent.
Last year, the company posted revenue of VND643 billion, down 9 per cent from the previous year and meeting 99 per cent of the year’s target. Its before-tax profit was VND302 billion, surpassing the target by 5.7 per cent.
Dinh Vu Port Investment and Development JSC targeted revenue of VND620 billion and before-tax profit of VND302 billion this year. The dividend payment rate would be 25 per cent in 2020.
In the first half of the year, the company posted revenue of VND237 billion, down 18 per cent from the same period last year and meeting 38 per cent of the whole year’s target.
Its before-tax profit in the six-month period fell by more than VND1 billion to VND167 billion.
