Gemadept to pay $19.12 million in dividends

Thursday, Oct 24, 2019 07:49

Logistics firm Gemadept Corporation surges in interest in 2018 from the sale of its subsidiaries. — Photo cafef

Logistics firm Gemadept Corporation (Gemadept) will close the list of shareholders to pay dividends in cash at a rate of 15 per cent on November 15.

As shareholders will receive VND1,500 (US$0.06) per share, Gemadept will spend about VND445 billion ($19.12 million) on dividends for nearly 297 million shares.

Last year, Gemadept‘s revenue fell by 32 per cent at VND2.7 trillion ($116.3 million), while profit after tax was 3.2 times higher, reaching VND1.9 trillion ($81.6 million) thanks to a surge in interest in 2018 mainly due to profit from the sale of its subsidiaries in 2018.

Gemadept reported net sales of VND1.3 trillion ($55.7 million) and profit after tax of VND347 billion ($14.9 million) in the first half of 2019 — VNS

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