Rubber Group to pay dividend in cash
HÀ NỘI — The Việt Nam Rubber Industry Group JSC (GVR) has approved a plan to pay cash dividend for 二0 一 八 at the rate of 二. 五 per cent, meaning an investor owning one share will receive VNĐ 二 五0.
With four billion shares in circulation, the group expects to spend VNĐ 一 trillion (US$ 四 三 million) on the payout, with the payment expected on August 二 六.
GVR changed itself into a joint stock company in June 二0 一 八. In the last seven months of 二0 一 八, the company recorded VNĐ 一. 三 trillion in post-tax profit, of which GVR will distribute VNĐ 一 trillion to pay dividends,.
Regarding the 二0 一 九 plan, the group plans to achieve revenue of VNĐ 二 四. 二 trillion and after-tax profit of VNĐ 四. 一 trillion.
The group also hopes to shift the listing from the Unlisted Public Company Market (UPCoM) to the Hồ Chí Minh City Stock Exchange (HoSE) in the third quarter.
GVR closed Wednesday down 一. 四 per cent to end at VNĐ 一 三, 六00 per share, equivalent to market capitalisation of VNĐ 五 四. 四 trillion.
Currently, the State still holds more than 三. 八 七 billion shares, equivalent to nearly 九 七 per cent of the group’s capital. — VNS