AsemconnectVietnam - The Board of Directors of Vietnam Dairy Products Joint Stock Company (Vinamilk, code VNM) has just issued a resolution on closing the list of shareholders to receive cash dividends.

Vinamilk will pay a total dividend rate of 24.5% (equivalent to 01 share receiving VND2,450). Of which, the final dividend payment in 2023 is 9.5% and the interim dividend payment in 2024 is 15%. The last registration date is September 25 and the payment date is October 24.
With nearly 2.09 billion shares in circulation, Vinamilk is estimated to spend more than VND5,100 billion on this dividend payment.
In the shareholder structure, the State Capital Investment Corporation (SCIC) is the largest shareholder of Vinamilk, holding 36% of charter capital (equivalent to more than 752 million shares) and will receive VND 1,843 billion from VNM's dividends; F&N Dairy Investments PTE.LTD holds 17.69% (equivalent to about 370 million shares) and will receive about VND905 billion. In addition, two major shareholders Platinum Victory Pte. Ptd and Jardine Matheson Limited, together owning 10.62% (equivalent to nearly 222 million shares), will receive nearly VND543 billion.
According to the plan at the 2024 General Meeting of Shareholders, Vinamilk expects the total dividend for the whole year of 2024 to be the same as last year, which is 38.5%, equivalent to each share receiving VND3,850.
Regarding Vinamilk's business situation, in the second quarter of 2024, the Company recorded net revenue in the second quarter of 2024 reaching approximately VND16,656 billion, an increase of 9.6% over the same period; pre-tax profit of more than VND3,308 billion and after-tax profit of nearly VND2,696 billion, both up 21% over the same period last year.
Accumulated in the first half of the year, Vinamilk's net revenue reached more than VND30,768 billion, an increase of nearly 6% over the same period; pre-tax profit reached more than VND6,014 billion, an increase of 19.3% and after-tax profit of about VND4,903 billion, an increase of 18.6%.
In 2024, Vinamilk aims for total consolidated revenue of VND63,163 billion and after-tax profit of VND9,376 billion. With the above results, in the first 6 months of the year, Vinamilk has completed nearly 49% of the revenue target and 52% of the annual profit target.
N.Nga
Source: VITIC/Tinnhanhchungkhoan