PVTrans to Issue Nearly 114 Million Shares for Dividends

Vietnam National Petroleum Transport Corporation (PVTrans, code: PVT) has announced a plan to issue over 113.9 million shares as dividends, aiming to increase its charter capital from 3,560 billion VND to 4,699 billion VND. The dividend ratio is 100:32, meaning shareholders will receive 32 new shares for every 100 shares owned. The issuance is expected to take place in 2025, with funding sourced from undistributed profits. The company plans to invest 3,551 billion VND in 2025, including 3,525 billion VND for purchasing new ships. PVTrans will also continue investments from 2024. Financially, PVTrans anticipates a consolidated revenue of 10,300 billion VND and a net profit of 960 billion VND in 2025, both lower than the previous year. In Q1 2025, PVTrans reported nearly 2,790 billion VND in net revenue, while net profit decreased by 9.5% to 277 billion VND. The company’s total assets stand at 19,551 billion VND, with total liabilities at 8,885 billion VND.