A company preparing to distribute dividends in shares at a rate of 45%

Century Fiber Corporation (stock code: STK) has decided to distribute dividends for the year 2024 in shares, at a rate of 45% (shareholders owning 100 shares will receive an additional 45 shares). The issuance of nearly 43.5 million new shares will increase the charter capital to approximately 1.4 trillion VND and is set to be executed in 2025. The issuance will be funded by undistributed after-tax profits. The company also planned to conduct a private placement of 13.5 million shares but was unsuccessful as no investors showed interest, resulting in the cancellation of the issuance. In 2024, Century Fiber’s revenue decreased by 15%, reaching 1.21 trillion VND, and after-tax profit plummeted by 86% to just over 12 billion VND. However, the company retained 675 billion VND in undistributed profits. For 2025, Century Fiber aims for a revenue of 3.27 trillion VND, a 270% increase from before, leveraging the Unitex project. In the first half of 2025, revenue increased by 25% year-on-year, reaching 710 billion VND, with an after-tax profit of 30 billion VND.