VinaCafé Bien Hoa continues to pay huge dividends, Masan Consumer is about to receive nearly 665 billion VND

VinaCafé Bien Hoa continues to pay huge dividends, Masan Consumer is about to receive nearly 665 billion VND

VinaCafé Bien Hoa is about to pay a dividend of 250%. Since 2018, this company has maintained a dividend rate many times higher than its charter capital. The highest rate of up to 660% was paid in 2018.

VinaCafé Bien Hoa Joint Stock Company (code VCF - HoSE) will finalize the shareholder list to pay 2023 dividends at the rate of 250% (VND 25,000/share). The last registration date to finalize the shareholder list is September 9, 2024. Thus, the ex-dividend date will be September 6, 2024. Dividends will be paid to shareholders on September 20, 2024.

With nearly 26.6 million shares in circulation, the company will spend nearly VND650 billion to pay dividends this time. VinaCafé Bien Hoa has only one major shareholder, Masan Beverage LLC, with a holding ratio of up to 98.79% of charter capital (nearly 26.3 million shares). This is also a subsidiary of Masan Consumer Goods Joint Stock Company (code MCH - UPCoM).

Thus, Masan through this unit will collect about 664.5 billion VND in dividends from VinaCafé Bien Hoa.

Not only this year, this company has always maintained a regular cash dividend payment to shareholders. Since 2018, this company has always maintained a dividend rate of over 100%. The highest rate of up to 660% was paid in 2018.

Originally a French coffee factory established in 1968, the company was equitized in 2004 and officially listed on the HoSE in early 2011. After that, Masan bought back VinaCafé Bien Hoa shares from many major shareholders and gradually increased its ownership to over 50%. After completing the acquisition, Masan still wanted to increase its power in this profitable company by continuing to buy more shares and now owns 98.79%.

Regarding the business situation, VinaCafé Bien Hoa earned VND 578.4 billion in net revenue in the second quarter of 2024, up 4% over the same period last year. However, profit after tax only reached nearly VND 98 billion, down 20%. The company said that the second quarter profit decreased compared to the same period due to the input material cost factor increasing higher than the increase in sales. In addition, net income from financial activities increased by 33% due to optimizing investment cash flow.

Accumulated in the first 6 months of the year, VCF's net revenue reached 1,062 billion, after-tax profit reached approximately 187 billion VND, an increase of 12.5% ​​in revenue and a decrease of 4% in profit compared to the same period.

At the end of the second quarter, VCF's total assets reached VND2,828 billion, with receivables accounting for a large proportion. Specifically, short-term receivables recorded VND848 billion, of which short-term deposits for investment activities accounted for 73.5%; long-term receivables reached VND806 billion. After the first 6 months of the year, Vinacafé's equity recorded VND2,299.5 billion, undistributed profit after tax reached VND1,790 billion.

On the stock market, VCF stock price closed on August 23 at VND217,980/share, an increase of about 15% compared to the beginning of the year.

Source: https://baodautu.vn/vinacafe-bien-hoa-tiep-tuc-tra-co-tuc-khung-masan-consumer-sap-nhan-gan-665-ty-dong-d223282.html