Saigon VRG Investment Corporation (SIP) has announced its plan to issue nearly 31.6 million shares as dividends for the 2024 fiscal year. The distribution ratio is 100:15, meaning shareholders will receive 15 additional shares for every 100 shares they hold. The total value of the issuance is approximately 315.8 billion VND, sourced from undistributed after-tax profits as of December 31, 2024. Shares are expected to be issued in Q2 and Q3 of 2025. Previously, the company paid a cash dividend of 7% in May 2025 and 10% in December 2024. At the 2025 annual general meeting, shareholders approved a total dividend payout of around 673.7 billion VND for 2024, consisting of 17% in cash and 15% in shares. According to Q1 2025 financial reports, total revenue reached 1,941.2 billion VND, with a net profit of nearly 402.3 billion VND, a 56% increase year-on-year. As of March 31, 2025, total assets reached 26,325.9 billion VND, with total liabilities exceeding 21,027.4 billion VND.
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