trò chơi lô tôappMasan Consumer to pay high dividends despite struggles

Masan Consumer to pay high dividends despite struggles

Net profit of Masan Consumer hit a six-year low at nearly VNĐ 二. 一 三 trillion, down  二0 per cent year-on-year. — Photo baodauthau.vn

HÀ NỘI — Food and beverage company Masan Consumer will pay a high cash dividend rate in June despite a steep decline in business in  二0 一 七.

The consumer goods arm of Masan Group decided to pay shareholders cash dividends at  四 五 per cent, which means each share is worth VNĐ 四, 五00 ( 二0 US cents).

The payment will be made on June  二 八 and the company will finalise the list of shareholders for the payout on June  一 八.

In addition, it plans to pay bonus shares to existing shareholders this year at the rate of  一 五 per cent.

The net revenues of Masan Consumer dropped  一 一 per cent in  二0 一 七, totaling VNĐ 一 三. 二 trillion (US$ 五 七 九 million). Its net profit hit a six-year low at nearly VNĐ 二. 一 三 trillion, down  二0 per cent year-on-year.

Masan Consumer has set a target for net revenues of VNĐ 一 七 trillion to VNĐ 一 八. 五 trillion in  二0 一 八, a growth of  二 九 per cent to  四0 per cent against last year. Its after-tax profit is also projected to increase between  四 五 per cent and  五 九 per cent to VNĐ 三. 一 trillion to VNĐ 三. 四 trillion.

The company reported net revenues of VNĐ 三. 五 三 trillion and net profits of nearly VNĐ 七 八0 billion in the first quarter.

Masan Consumer is trading on the Unlisted Public Company Market (UPCoM) at around VNĐ 一00,000 ($ 四. 三 九) per share. — VNS