Defense Ministry’s Company to Pay 30% Cash Dividend, Shares Doubled in Value to 166,000 VND/Share

Tan Cang Sea Services JSC (TOS) plans to pay a 30% cash dividend for 2024, estimated at about 93 billion VND. TOS, under Saigon Newport Corporation, primarily provides maritime services and port operations and holds a substantial market share. Revenue for 2024 is projected to be VND 3.976 trillion, 2.5 times that of the previous year, with a net profit of 489 billion VND, driven by effective service offerings and rental price adjustments. By the end of Q1 2025, TOS reported a net profit of 206 billion VND, a 5.7-fold increase year-on-year, with revenue up 73%. On the stock market, TOS shares have doubled, reaching 166,000 VND/share, with a market capitalization of 5.332 trillion VND.