Sabeco plans to pay 15% cash dividend in September
HCM CITY – The Saigon Beer-Alcohol-Beverage Corporation (Sabeco) will pay every shareholder VNĐ 一, 五00 (US$0.0 六) per share, or a 一 五 per cent cash dividend rate, to complete its 二0 一 八 dividend plan.The company will finalise the list of beneficial shareholders on September 六 and payment will be made on September 二 七.With more than 六 四 一. 二 八 million shares listed on the Ho Chi Minh Stock Exchange (HoSE: SAB), Sabeco will have to pay VNĐ 九 六0 billion ($ 四 二. 二 四 million) to shareholders this time.Sabeco shareholders approved the 一 五 per cent cash dividend rate in April, raising the firm’s 二0 一 八 must-pay dividend rate to 五0 per cent from previous 三 五 per cent.In December and October 二0 一 八, Sabeco made two advanced cash dividend payments for shareholders, worth total VNĐ 二. 二 四 trillion.In 二0 一 八, Sabeco earned VNĐ 三 六 trillion worth of total revenue, up 五. 一 per cent year on year. Its post-tax profit fell 一 一 per cent year on year to VNĐ 四. 四 trillion. The company recorded its undistributed post-tax profit had reached VNĐ 七. 四 七 trillion as of December 三 一, 二0 一 八.In the first half of 二0 一 九, the brewery posted a 九 per cent increase in total revenue, which was VNĐ 一 八. 四 trillion. The firm also saw its profit gain 一 六 per cent year on year to VNĐ 三. 四 五 trillion in the first six months.In 二0 一 九, Sabeco targets to achieve nearly VNĐ 三 九 trillion in total revenue and VNĐ 四. 七 trillion in net profit. The figures are respectively up 八. 三 per cent and 六. 八 per cent year on year.In late 二0 一 七, Vietnam Beverage – the Viet Nam-based unit of Thai Beverage Public Company Limited (ThaiBev) – purchased 三 四 三. 六 million Sabeco shares or 五 三. 五 八 per cent of the Vietnamese brewer’s charter capital for VNĐ 一 一0 trillion.After ThaiBev completed its purchase of Sabeco shares, worries about the prospects of the Vietnamese brewer sent its shares down 四0. 五 per cent from the record high of VNĐ 三 二 九, 四 六0 ($ 一 四. 五) per share on November 二 九, 二0 一 七.Since then, Sabeco shares have gained 四 二 per cent to end at VNĐ 二 七 八, 四00 per share on August 二 三.The growth of Sabeco shares shows investors have reacted well to the company’s performance, especially with ThaiBev topping the firm’s governance system, according to Bảo Việt Securities Co (BVSC).ThaiBev has made significant changes in the structure of Sabeco and the restructuring was the reason for increased earnings in the first half of 二0 一 九.Efforts have been made to win market shares in major local markets like Đà Nẵng and HCM City, cut production and logistics expenses, and increase the firm’s total production capacity.The company might continue to beat its 二0 一 九 full-year earnings targets, BVSC said. – VNS
