Dabaco Vietnam (DBC) plans to pay 2024 dividends in shares

VHO - Dabaco Vietnam Group Joint Stock Company (stock code: DBC) approved the plan to issue shares to pay dividends in 2024 at a rate of 15%, equivalent to shareholders owning 100 shares will receive 15 new shares, expected to be implemented in the third quarter of 2025, after approval by the State Securities Commission.

Dabaco plans to issue shares to pay dividends at a rate of 15%. Photo: Dabaco

With 334.67 million shares outstanding, it is estimated that Dabaco Vietnam will issue more than 50.2 million shares in the upcoming dividend payment.

Previously, the Board of Directors of DBC approved the transfer of 100,000 shares of Dong Trieu Farm Joint Stock Company at Dabaco Quang Ninh Joint Stock Company and guaranteed Dabaco Quang Ninh Joint Stock Company to borrow capital from the Bank to serve production, business and project investment needs.

At the same time, approve the policy of establishing a number of subsidiaries to implement investment projects in high-tech livestock farming areas.

In addition, the Board of Directors of DBC also announced the establishment of Dabaco Quang Tri Company Limited to implement the project of DABACO Quan Tri High-Tech Pig Breeding and Commercial Area. The company has a charter capital of 190 billion, headquartered in Thuong Phuoc village, Trieu Thuong commune, Trieu Phong district, Quang Tri province.

Regarding business results, DBC has just estimated 6-month revenue to reach 12,537 billion - an increase of 7.3% over the same period in 2024. After deducting expenses, after-tax profit reached a record 1,013 billion VND, 4.6 times higher and exceeded the annual plan.

Explaining the sharp increase in profits in the first quarter, the Company said that the epidemic situation in livestock and poultry herds was under control, and farmers and the Company promoted herd restoration. On the other hand, the price of live pigs in the first quarter of 2025 was higher than the same period last year, thereby increasing the profits of livestock companies. In addition, in the first quarter of 2025, the operations of some other areas in the Group improved, leading to the profits of units such as vegetable oil also increasing compared to the same period last year.

In 2025, DBC plans to have total revenue of VND 28,759 billion; pre-tax profit of VND 1,108 billion and after-tax profit of VND 1,007 billion.

Thus, ending the first quarter of 2025 with after-tax profit reaching VND 508.26 billion, Dabaco Vietnam has completed 50.5% of the yearly plan.

Source: https://baovanhoa.vn/kinh-te/dabaco-viet-nam-dbc-len-ke-hoach-tra-co-tuc-2024-bang-co-phieu-153365.html