MSN to pay cash dividend of 10 per cent

Wednesday, Dec 16, 2020 17:50

A Masan VinMart supermarket. MSN will close its register of shareholders for dividends in the form of cash for 2019 on December 18. — Photo courtesy of the company

Masan Group Corporation (HOSE: MSN) has set December 18 as the record date for paying dividends for 2019 in the form of cash and December 30 as the payment date.

It will pay a 10 per cent dividend, equivalent to VND1,000 per share.

Shareholders whose shares have been deposited will receive the dividend at depository members where the shares have been deposited.

Those whose shared have not been deposited will get the dividend at the company’s headquarters (eighth floor, Central Plaza, 17 Le Duan, Ben Nghe Ward, District 1).

With a free float of over 1.17 billion shares, MSN will pay over VND1.17 trillion (US$50.28 million) in dividends to its shareholders.

MSN targets net revenues of VND75-85 trillion ($3.2-3.64 billion) this year, a year-on-year increase of 101- 128 per cent, while net profit is expected to top VND1- 3 trillion ($42.9 – 128.7 million).

The company achieved double-digit growth in revenues and operating profits across its consumer-related business segments in the first nine months of the year.

Its consolidated net revenues increased by 110.8 per cent to VND55.618 trillion ($2.39 billion) from VND26.378 trillion ($1.13 billion) in the same period last year, primarily due to the consolidation of newly acquired businesses and supported by organic growth across all segments.

Its net profit after tax post-minority interest (NPAT post-MI) was VND852 billion ($36.7 million) in Q3 and VND969 billion ($41.8 million) in the first nine months

Its chairman, Dr Nguyen Dang Quang, said: “I believe our integrated consumer retail strategy is starting to bear fruit as we hit our first strategic milestone in Q4, with VinComerce to break even. This is just the very beginning of what we envision: an online- offline consumer retail champion.” — VNS

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