Minh Phu Seafood to pay 15 per cent cash dividend
Minh Phu Seafood to pay 15 per cent cash dividend
Shrimp processor and exporter Minh Phu Seafood JSC (MPC), Viet Nam's biggest shrimp company, plans to pay 2019's dividend in cash at a rate of 15 per cent, the company announced Friday.
A shareholder will receive VND1,500 for each share he or she owns. With nearly 199 million shares currently in circulation, Minh Phu Seafood will have to spend about VND298.5 billion (US$12.9 million) for this dividend payout.
The expected dividend payment time is from November 26, 2020.
In the third quarter of 2020, Minh Phu recorded revenue of nearly VND2.79 trillion, a decrease of 14.27 per cent compared to the third quarter of 2019. Post-tax profit increased by 61.17 per cent to VND166.42 billion.
In the first nine months, the company earned revenue of nearly VND6.65 trillion and after-tax profit of VND408.9 billion, down by 21 per cent and 15.59 per cent over the same period last year.
By the end of September, Minh Phu's total assets reached more than VND8.3 trillion, up 21.1 per cent compared to the beginning of this year. Cash and cash equivalents decreased by nearly 52 per cent, touching VND220.5 billion. Short-term financial investments gained by 21.5 per cent to over VND1.39 trillion. Short-term receivables increased by 62.86 per cent to VND1.48 trillion. Inventories rose 41.13 per cent to VND1.58 trillion.
Liabilities totaled VND2.9 trillion, up strongly by 90.6 per cent compared to the beginning of the year and accounting for 35.22 per cent of total capital.
