Vicostone (VCS) interim cash dividend, rate 20%

VHO - Vicostone JSC (stock code: VCS) said that on June 20, it will close the list of shareholders to receive the first interim dividend payment in 2025.

Each shareholder owning 1 VCS share will receive 2,000 VND. Illustrative photo

Accordingly, the payment rate is 20%, corresponding to each shareholder owning 1 share will receive 2,000 VND. The ex-right transaction date is determined to be June 19, 2025. The expected payment date is June 27, 2025.

With 160 million shares in circulation, Vicostone plans to spend about VND320 billion in this dividend payment. Of which, the parent company, Phoenix A&A Group (Phenikaa Group), with an ownership ratio of more than 84%, will receive the majority of the above amount. Both Vicostone and Phenikaa Group are enterprises belonging to the system of businessman Ho Xuan Nang.

Recently, the company has just announced its consolidated business results report for the first quarter of 2025 with net revenue reaching more than 1,018 billion VND, down 5.2% over the same period last year; pre-tax and after-tax profits reached 196.2 billion VND and 164.6 billion VND respectively, down more than 19.5% over the same period.

In 2025, Vicostone sets a business target of consolidated net revenue of VND 4,719 billion and pre-tax profit of VND 975 billion, up 9.2% and 2.3% respectively compared to the results achieved in 2024.

Thus, at the end of the first quarter of 2025, Vicostone completed 21.6% of the revenue plan and 20.1% of the pre-tax profit plan for the whole year.

As of March 31, 2025, Vicostone's total assets increased slightly compared to the beginning of the year, reaching over VND 6,470.4 billion. Of which, cash and cash equivalents were nearly VND 1,772.9 billion, up 12% and accounting for 27.4% of total assets.

Vicostone's business activities focus mainly on exports, so it is affected by global trade fluctuations, especially tariff policies in the US market. A Vicostone representative said the company can adapt to changes, but profit margins may be affected.

In fact, the level of competition in the US engineered stone industry has increased in recent years with the participation of manufacturers from China and India. At the annual general meeting of shareholders in late April, Vicostone's board of directors said that the company's export market share to the US has decreased from 80% in the past to about 25% at present.

Regarding risks related to tariffs, Vicostone forecasts that in case the US imposes a 46% tax on goods from Vietnam, the company's revenue in this market could decrease by about 50%.

Source: https://baovanhoa.vn/kinh-te/vicostone-vcs-tam-ung-co-tuc-bang-tien-mat-ti-le-20-142419.html