TNG closes the right to pay dividends in shares, rate 8%
Friday, June 28,2024
AsemconnectVietnam - On July 15, TNG Investment and Trading Joint Stock Company (TNG - HNX) will finalize the list of shareholders paying dividends in 2023 by stock.
Accordingly, the Company plans to issue more than 9 million shares to pay dividends at the rate of 8%, corresponding to shareholders owning 100 shares will receive 8 new shares. The number of decimal shares (if any) will be canceled.
Previously, TNG made two advance payments of 2023 dividends in cash at the same rate of 4% in October 2023 and early February 2024. Thus, TNG's total dividend payout in 2023 is 16%, including 8% in cash and 8% in stocks.
In 2023, TNG's consolidated revenue will reach more than VND7,095 billion; Consolidated profit after tax reached VND219 billion. TNG is among the few textile and garment enterprises that have completed their yearly plan (reaching 104% of the plan, an increase of 4% compared to 2022) and this is a record high revenue level ever for this textile enterprise.
In 2024, the Company plans to maintain a minimum dividend of 16%, of which 8% is paid in cash, the remaining 8% can be in cash or shares. At the same time, the Company has a business plan with revenue targets of VND7,900 billion and profit after tax of VND310 billion, growth of 11.35% and 41.27% respectively compared to the results achieved in 2023.
TNG plans for production and business in 2024 with revenue targets of 7,900 billion VND, profit after tax of 310 billion VND, growth of 11.35% and 41.27% respectively compared to the results achieved in the year. 2023. The dividend rate is expected to be maintained at a minimum of 16%.
In particular, according to the consolidated financial report for the first quarter of 2024, TNG achieved revenue of VND1,353.73 billion, a slight increase of 1.42% over the same period last year; However, profit after tax decreased by more than 4%, reaching VND41.88 billion. Thus, at the end of the first quarter, the Company only completed 17.14% of the revenue target and 13.5% of the yearly profit target.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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