Vicostone JSC (VCS) has announced the schedule for its 2025 annual shareholder meeting on April 10, 2025, planning a 40% cash dividend for 2024. Two profit scenarios were presented: under favorable conditions, pre-tax profit could exceed 1 trillion, an increase of 6% from 2024. If not, profit growth could slow to 2.3%. Last year, Vicostone recorded a revenue of 4.322 trillion and a net profit of 807 billion. The Board plans to pay the dividend in two installments in June and December 2024, totaling 40%. Parent company Phenikaa Group owns 84.15% of the shares, and Chairman Ho Xuan Nang will receive 24 billion from the dividends. Additionally, Vicostone plans to acquire a project for producing resin to secure raw material supply, with an estimated cost of 50.6 million USD to improve production efficiency.
Leave a Reply