AsemconnectVietnam - KIDO Group Corporation (KDC - HOSE) said that on October 15, it will close the shareholder list to pay dividends in 2023 in cash at a rate of 6%, equivalent to shareholders owning 1 share will receive VND600.

Thus, with nearly 290 million shares listed and in circulation, KIDO will have to spend about VND174 billion to pay dividends to existing shareholders. The ex-dividend date is October 14, the expected dividend payment date is October 24.
This year, KIDO sets a revenue target of VND13,000 billion, an increase of 50% compared to 2023; pre-tax profit of VND800 billion, 2.5 times higher than in 2023. Expected dividend of 12%/year. In particular, from 2024, KIDO will shift its focus to essential products, especially spices and sauces.
In particular, at the end of the first half of the year, the Company recorded consolidated net revenue of VND3,523 billion, down 19.3% over the same period; after-tax profit reached VND31.8 billion, down 94.4%.
Explaining the sharp decrease in the results of the first 6 months of 2024 compared to the same period, KIDO said that it was due to the Group restructuring its business lines and the impact of unfavorable fluctuations in the domestic and international markets.
In addition, the sharp decrease in profits was mainly due to the fact that the same period last year recorded efficiency from investment activities and the restructuring of the Group's product lines and business model.
N.Nga
Source: VITIC/Tinnhanhchungkhoan