Petroleum Transport Company Plans to Distribute Stock Dividends at 32%

PVTrans (HOSE: PVT) plans to increase its charter capital from 3.560 trillion VND to 4.699 trillion VND by issuing over 113.9 million new shares as a 32% stock dividend in 2025. This plan was approved in the 2025 Annual General Meeting. PVTrans intends to invest 3.525 trillion VND in its fleet, primarily through borrowing 2.290 trillion VND and contributing 1.261 trillion VND from its own resources. The company’s total assets have grown to nearly 20 trillion VND with a fleet of 58 vessels totaling over 1.7 million DWT. For 2025, PVTrans aims for a revenue of 10.3 trillion VND and a net profit of 960 billion VND, both lower than the previous year. In Q1 2025, it reported revenues of 2.79 trillion VND, up 10%, but net profit down 10%. PVT’s stock is trading around 20,850 VND/share, a 25% decrease from the beginning of the year.