HCMC – Son La Sugar JSC (HNX: SLS) will pay a 150% cash dividend for the 2024-2025 fiscal year, higher than the 100% rate approved at its recent annual meeting.
The company will close the shareholder list on October 8. Payment is scheduled for October 28, and shareholders will get VND15,000 for every share held.
With nearly 9.8 million outstanding shares, Son La Sugar will allocate VND147 billion for the dividend.
The largest shareholder, Tran Thi Thai, holds 27.43% of SLS and will receive VND40.5 billion. Thai Lien Company, with 15%, will get VND22 billion, while Chairman Dang Viet Anh, who owns 9.84%, will receive VND14.4 billion.
From July 1, 2024 to June 30, 2025, the company posted revenue of nearly VND1.16 trillion, down 17.8% from the same period in the previous year. Net profit fell 28.9% to VND374.2 billion.
The results still exceeded the respective targets of VND892.8 billion in revenue and VND109.6 billion in net profit.
For the 2025-2026 fiscal year, the company set the same targets as last year, with revenue projected at VND892.8 billion and net profit at VND109.6 billion. Closing the trading session today, October 2, SLS edged down 0.52% to VND192,000.
Vietnam’s benchmark VN-Index dropped as declines in property and securities stocks drove the market lower despite higher overall liquidity.
The VN-Index lost 12.34 points, or 0.74%, to close at 1,652.71, with 84 gainers and 243 losers. Trading volume rose 8.8% to 781.2 million shares worth VND22.66 trillion, up 6.3% from the previous session. Block deals accounted for 45.8 million shares valued at VND1.83 trillion.
The VN30-Index, which tracks the 30 largest-cap stocks, shed 10.58 points, with 20 decliners and eight advancers. MBB rose 1.5%, making it the strongest gainer in the group, followed by LPB gaining 1.2% and TCB up 0.8%. VHM was the biggest drag, falling 2.6% and taking away nearly 2.5 points from the index, while VRE retreated 4.2% after three sessions of gains.
Small and mid-cap stocks saw heavy sell-offs. BCG matched 8.4 million shares but still had 30.2 million shares at the floor price unsold. TCD also hit the floor with nearly one million shares traded.
By sector, securities stocks led losses, down nearly 2% across the board. SSI was the most active in the sector with 21.2 million shares traded before closing 1.9% lower, while VIX and VND both dropped more than 2%.
Real estate stocks also slid, particularly mid- and small-cap tickers. DXG fell 3.6%, DIG dropped 3.4%, HDG declined 4.4%, and KDH lost 2.1%. Public investment stocks followed the downward trend, with HHV down 4.3% and LCG down 4%.
Bank stocks were mixed. SHB added 0.3% with the session’s largest matched volume of 63.7 million shares, while MBB gained 1.5% and TCB rose 0.8%. In contrast, VPB dipped 2.4%, TPB slid 2.6%, and HDB and ACB edged down 0.2%.
On the Hanoi Stock Exchange, bluechips came under pressure, pushing the HNX-Index down 3.67 points, or 1.34%, to 269.55. Market breadth was negative with 43 winners and 95 losers. Trading volume reached 74.5 million shares valued at VND1.54 trillion.
