Dinh Vu Port (DVP) approves 50% dividend payout
Dinh Vu Port (DVP) approves 50% dividend payout
Dinh Vu Port Development and Investment JSC (DVP) has approved the second dividend payment in 2022, amounting to 50 per cent of the charter capital which is worth VND200 billion (US$8.5 million).
The dividend will be paid in cash on July 28.
In December 2022, the company paid the first phase dividend at a rate of 10 per cent, resulting in a total dividend rate of 60 per cent for the year.
This year, Dinh Vu Port aims to achieve higher revenue of VND716.2 billion and pre-tax profit of VND360 billion, up 22 per cent and 4 per cent year-on-year, respectively.
The dividend rate for 2023 is expected to be at least 50 per cent of the charter capital.
In the first quarter, the Hai Phong-based port operator recorded a revenue of VND276 billion and pre-tax profit of VND132 billion, up 90 per cent and 94 per cent year-on-year, respectively.
The company’s board acknowledged the challenges faced in 2023, including persistent inflation, the unresolved conflict between Russia and Ukraine, increased expenses, stiff competition in Hai Phong and downward pressure on loading and unloading service prices. These factors will directly affect the port's revenue and the volume of goods handled.
Despite these challenges, DVP leaders expressed their commitment to achieving the 2023 plan through effective cost control and timely investment in infrastructure.
DVP shares closed up 2 per cent on Thursday at VND58,700 per share on the Ho Chi Minh Stock Exchange.
