A construction company is about to pay a record cash dividend of 46%

Vietnam Industrial and Urban Construction Consulting Joint Stock Company (UPCoM: CCV) will finalize the list of shareholders for a dividend distribution for 2024 on May 29, with a rate of 46.3%. Each shareholder owning 1 share will receive 4,630 VND, totaling over 8.3 billion VND in dividends. Vietnam Construction Consulting Corporation (VGV), which holds 51% of CCV’s shares, will receive over 4 billion VND. CCV, privatized in 2007, has a charter capital of 18 billion VND, operating mainly in construction consulting. The 46% dividend is the highest since 2016, supported by strong business results in 2024, achieving revenues of 208 billion VND and a net profit of nearly 14 billion VND, up 56%. For 2025, CCV plans to achieve nearly 192 billion VND in revenue and about 11 billion VND in net profit, lower than in 2024, and aims to distribute a dividend equating to 38% of net profit after tax.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts