Safoco Foodstuff Joint Stock Company (HNX: SAF) has just announced that it will close the list of shareholders to receive cash dividends at a rate of 30%. Accordingly, each shareholder owning 01 share will receive 3,000 VND in dividends.
Currently, there are 12 million SAF shares in circulation on the market. Thus, it is expected that Safoco will have to spend about 36 billion VND to pay interim dividends for 2023. The expected payment date is February 1, 2024.
Safoco (SAF) completed 73% of the year plan, paid 30% dividend (Photo TL)
Regarding business performance, in the first 9 months of 2023, Safoco achieved a cumulative revenue of nearly 611 billion VND, not much fluctuation compared to the same period last year. However, the profit only reached 38 billion VND, down 5%. The company explained that the reason was due to the increase in cost of goods sold and other expenses.
Compared with the revenue target of VND 820 billion and after-tax profit of VND 66 billion in 2023, SAF has only completed 73% of the year's target even though the first 9 months of the year have passed.
Regarding the dividend payment plan, SAF plans to pay dividends from 2025 - 2027 at 30%/year. Thus, Safoco's dividend payment rate in 2023 is still in line with the set target.
In 2023, SAF shares once increased to the price range of 68,000 VND/share in March 2023. At the trading session on January 10, 2023, SAF code was only recorded at 51,800 VND/share, down 23.8% compared to the peak it had reached.
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