The joint stock company Lam Agricultural Products and Food Yên Bái (CAP) will finalize the list of shareholders receiving a 33% dividend (3,300 VND/share) on March 31, with the payment date scheduled for May 26, 2025. CAP has nearly 15.1 million shares circulating, estimating a payout of about 50 billion VND. The company has maintained high dividend rates over the years; however, 33% is the lowest rate in the last 7 years. The business results are forecasted to be underwhelming for the 2023-2024 fiscal year, with a profit of 31 billion VND, a drop of 73% year-on-year. Forecasts for the 2024-2025 fiscal year are similarly grim, with products like cassava and paper facing challenges due to competition and decreased demand. CAP targets a revenue of 618 billion VND, a minimum net profit of 40 billion VND, and a dividend of no less than 20%. Financial results for Q1 of fiscal 2024-2025 show a 22% drop in revenue and a 60% decline in profit compared to the previous year. On the stock market, CAP shares have risen to 48,300 VND/share, the highest in 5 months.
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