Company Plans to Pay Dividends nearly 50,000 VND/share Sets New Record

VCF – Vinacafé Biên Hòa stock reached a record high of 272.900 VND/share on March 31, becoming the highest priced stock on HoSE. The stock price has increased 30% since the beginning of the year. VCF is proposing a 480% dividend for 2024, equivalent to 48,000 VND/share, with a total payout nearing 1.300 billion VND. The parent company, Masan Beverage, holding 98.79% of VCF’s capital, will receive about 1.260 billion VND from this dividend distribution. For business prospects, VCF anticipates 2024 revenue of 2.556 billion VND and net profit of 446 billion VND. In 2025, VCF targets revenue ranging between 2.700 and 2.950 billion VND and profit between 470 and 516 billion VND. The company plans to enhance product development, expand into international markets, and relocate its production lines following regulations from the Đồng Nai People’s Committee.