The Board of Administrators of Hoa Phat Group (HoSE: HPG) has authorised the 2021 dividend fee of 35 per cent, of which 5 per cent is paid in money with every share receiving VND500.
With 4.47 billion shares excellent, the corporate must spend VND2.2 trillion (US$94.9 million).
The metal producer can even concern an extra 1.34 billion shares to pay the remaining dividend.
The supply of capital is taken from the retained revenue after tax on final 12 months’s audited monetary statements. The issuance date is anticipated from June to August of this 12 months.
The overall worth at par worth is VND13.4 trillion, thereby rising the constitution capital of the corporate to over VND58.1 trillion.
Chairman Tran Dinh Lengthy and his members of the family are holding 1.56 billion HPG shares, which account for 47.25 per cent of the corporate’s capital. Subsequently, after the dividend fee, Lengthy and his household can obtain about VND784 billion in money and 737 million shares.
In response to information shared by the chairman on the firm’s 2022 Basic Shareholders Assembly, the variety of shareholders of Hoa Phat on the time of finalising the assembly listing firstly of April was 161,000 folks, the best quantity on the nation’s inventory market.
Statistics from the Ho Chi Minh Inventory Change (HoSE) additionally present that HPG was the ticker image with the most important buying and selling worth in 2021 after reaching practically VND336.3 trillion, accounting for 7.7 per cent of the bourse’s whole quantity.
It additionally ranked second by way of buying and selling quantity on HoSE after reaching 6.6 billion models final 12 months.
At this 12 months’s annual assembly of shareholders, many shareholders had proposed to extend the 2021 dividend to 40 per cent, of which 10 per cent is paid in money and 30 per cent in shares.
Nonetheless, Pham Thi Kim Oanh, Chief Monetary Officer of Hoa Phat Group, stated that the undistributed revenue after tax on the holding firm’s monetary assertion was greater than VND17 trillion in 2021, equivalent to the utmost dividend price of 38 per cent. Its holding firm’s capital is simply too low in comparison with its subsidiaries. Subsequently, the utmost dividend price is 35 per cent, of which 5 per cent is in money.
Within the first quarter, the metal producer recorded income of VND44.4 trillion, up 41 per cent year-on-year, leading to revenue after tax of VND8.2 trillion, a acquire of 17 per cent. Manufacturing of iron and metal merchandise contributed 90 per cent of the general outcomes.
In a doc submitted to shareholders on the normal assembly, the corporate set enterprise targets of VND60 trillion in income and VND25-30 trillion in revenue after tax. Accordingly, this 12 months’s enterprise goal is about to develop practically 7 per cent in income however lower 13-27.5 per cent in revenue.
Addressing the feedback concerning the corporate’s gloomy outlook, Lengthy stated that shareholders will see the difficulties of the metal business after the enterprise outcomes of the second, and third quarter, and the entire 12 months, so the corporate leaders should set cautious targets. This 12 months’s plan is taken into account difficult.
Nonetheless, in the long run, the chairman who can be the most important firm shareholder is assured that Hoa Phat will proceed to advance.
It’s implementing Dung Quat 2 mission and, on the similar time, researching Dung Quat 3 with a capability of six million tonnes. Hoa Phat’s whole capability will enhance to 21 million tonnes, equal to the nation’s present metal consumption demand.
On the inventory market, HPG shares prolonged their current rallies on Monday with a acquire of 0.28 per cent to commerce at VND35,550 a share at 13:19 native time, down practically 24 per cent in comparison with the start of the 12 months.