Seafood firm Vĩnh Hoàn to pay dividend in shares

HÀ NỘI — The Đồng Tháp Province-based Vĩnh Hoàn Company (VHC), the largest tra fish exporter in Việt Nam, plans to issue nearly 91 million shares to pay a 2019 dividend.

Workers at the Vĩnh Hoàn JSC process fish for export. In the first nine months of this year, VHC achieved VNĐ718 billion in pre-tax profit, down 55 per cent compared to the same period last year. — Photo baodautu

The shares will be issued at the ratio of 1:1, which means a shareholder who owns one share will receive an additional share.

The source of dividend payout will come from the company’s undistributed post-tax profit as of December 31, 2018.

VHC’s undistributed post-tax profit reached VNĐ3.1 trillion (US$134 million) at the end of 2018.

In the first nine months of this year, VHC achieved VNĐ718 billion in pre-tax profit, down 55 per cent compared to the same period last year.

In the fist 10 months of this year, the company’s export turnover reached $229 million, down 16.6 per cent year-on-year, lower than the same period in 2017.