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Sunday, July 21, 2024

PAN Group to pay 5% dividend

The Saigon Times

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HCMC – PAN Group JSC (HOSE: PAN) plans to pay a 5% dividend for 2023, with the record date set for June 27 and payment scheduled for July 8.

With 208.89 million outstanding shares, the firm will pay around VND104.4 billion to shareholders.

In the first quarter of this year, PAN Group reported revenue of VND3.46 trillion, surging by 36.8% year-on-year. Its net profit jumped by 57.7% over the same period last year to VND168.55 billion, with the gross profit margin improving from 17.1% to 18%.

PAN Group looks to book VND14.78 trillion in revenue in 2024 and VND882 billion in profit after tax, up by 11,9% and 7.9% respectively versus 2023. By the end of the first quarter, the company had achieved 19.1% of its annual profit target.

Wrapping up the trading session today, June 17, its PAN shares edged up by 1.29% to VND23,500 per share, with a total trading volume of 870,600.

The VN-Index fell by 5.14 points, or 0.4%, to 1,274.77 at the close on Monday, with 169 winners and 275 losers.

Total trading volume reached over 900 million shares worth around VND23 trillion, down by 18.92% in volume and 21.7% in value over the previous session. Block deals accounted for more than 120.88 million shares valued at VND2.8 trillion.

Large-cap stocks in the VN30 basket exerted downward pressure on the market, with 20 decliners and eight advancers. The VN30-Index lost 6.76 points, or 0.51%, to 1,309.70 points.

In this basket, SSB rose the highest at 1.82%, while MSN was the biggest decliner, down 2.31%.

Steel stocks bucked the market downtrend. HSG soared to its daily upper limit and hit a two-year high of VND25,150 per share, with 43.65 million shares traded, the highest on the southern exchange.

HPG rose by 1.2% to VND29,450, with 34.37 million shares changing hands. NKG increased by 4.3%, with 15.85 million shares transacted. DTL and SMC both hit their ceiling prices, while TLH gained 1.9%.

The Hanoi Stock Exchange saw 88 stocks advancing and 95 others dipping. The HNX-Index lost 0.8 point, or 0.33%, to 243.16 points. Trading volume on the Hanoi exchange totaled 68.2 million shares valued at VND1.45 trillion.

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