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Ben Tre Seafood (ABT) pays 20% cash dividend 

 Tuesday, March 7,2023

AsemconnectVietnam - The Board of Directors of Ben Tre Seafood Import-Export Joint Stock Company (ABT - HOSE) has just approved the plan to pay the first dividend in 2022 and convene the 2023 Annual General Meeting.

Accordingly, on March 15, the Company will close the list of shareholders paying a cash dividend at the rate of 20%, corresponding to shareholders owning 1 share will receive VND2,000. Dividend payment time is expected from March 24, 2023.
Thus, the parent company - PAN Group JSC, which is currently holding more than 9 million ABT shares, equivalent to 76.47%, will receive about VND18 billion from the dividend payment of Ben Tre Fisheries.
At the same time, the Company will use the above list of key shareholders to hold the Annual General Meeting of Shareholders in 2023. The scheduled meeting time is April 15, 2023.
It is known that at the previous Annual General Meeting of Shareholders, Ben Tre Fisheries approved the plan to pay a cash dividend of 20-30%, at the same time, the business target is VND520 billion in revenue and VND45 billion in profit after tax.
Recently, the Company had consolidated financial statements for the fourth quarter of 2022 with revenue of more than VND144 billion, up 9.92% over the same period last year; but profit after tax decreased by 15.1%, reaching VND12.54 billion.
The reason for the decline in profit, according to Ben Tre Fisheries, was due to the volatile market situation in the fourth quarter of 2022, causing the selling prices of some items to decrease relative to the same period last year.
However, thanks to positive business results in the second quarter, accumulated in 2022, the Company recorded positive growth. Specifically, in 2022, ABT's revenue will reach VND617.43 billion, up 79.77% over the previous year and exceeding 18.74% of the target; profit after tax reached VND64.29 billion, increased by 90.23% and exceeded 42.87% of the plan.
Source: VITIC/Tinnhanhchungkhoan


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