Vicostone (VCS) is behind schedule for the year, and will pay a 20% dividend advance.

Vicostone Joint Stock Company (HNX Code: VCS) has just announced the closing of the list of shareholders to receive the first interim dividend payment in 2024 in cash. The dividend payment rate will be 20%, equivalent to each shareholder owning 1 share will receive an interim dividend of VND 2,000.

Vicostone pays 20% cash dividend in advance (Photo TL)

The ex-dividend date is June 19, 2024, and the expected dividend payment date is June 28, 2024. There are currently 160 million VCS shares in circulation on the market. Thus, it is expected that Vicostone will have to spend about VND 320 billion to pay dividends to shareholders.

In the company's shareholder structure as of the end of the first quarter of 2024, A&A Green Phoenix Joint Stock Company (Phenikaa Group) owns 84.15% of the charter capital at VCS. Thus, A&A Green Phoenix will receive 269 billion VND in dividends in this interim payment.

Regarding business activities, in the first quarter of 2024, Vicostone recorded net revenue of VND 1,074 billion, a slight increase compared to the same period last year. Gross profit also improved, reaching VND 290 billion. Profit after tax brought in VND 205 billion, an increase of 7% compared to the same period.

Compared to the 2024 business target, Vicostone plans to have a revenue of VND 4,603 billion and a pre-tax profit of VND 1,034 billion. Thus, after the first quarter, Vicostone has completed 23.3% of the revenue plan and 23.6% of the pre-tax profit target. The company is slightly behind the plan set out at the beginning of the year.

Source: https://www.congluan.vn/vicostone-vcs-cham-ke-hoach-nam-tam-ung-co-tuc-ty-le-20-post298763.html