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Wednesday, June 26, 2024

PV GAS to pay 36% cash dividend

The Saigon Times

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HCMC – PetroVietnam Gas Joint Stock Corporation (PV GAS), which trades its GAS shares on the Hochiminh Stock Exchange, will finalize the list of shareholders to receive a 36% cash dividend for 2022 on August 30.

With nearly 1,914 million shares in circulation, PV GAS is expected to spend around VND6,890 billion on the 2022 dividend payment.

Vietnam Oil and Gas Group (PetroVietnam, PVN), which owns over 1,832.8 million GAS shares, will receive approximately VND6,598 billion in dividend from PV GAS.

Currently, the company has yet to file its financial statement for the second quarter of 2023.

According to PV GAS’s leaders, the company’s first-quarter revenue was VND45,117 billion, equivalent to 117% of the target.

PV GAS recorded pre-tax profit of VND7,542 billion and after-tax profit of VND6,035 billion, or 183% of the target.

The company plans to pay a 2023 dividend of 20% and issue 382.79 million bonus shares, equivalent to 20% of the current outstanding shares. With this plan, PV GAS will increase its charter capital to over VND22,967 billion.

Closing the trading session today, GAS shares slid 0.61% to VND98,200 per share, with nearly half a million shares changing hands.

Today, July 27, the VN-Index of the Hochiminh Stock Exchange slid 3.51 points, or 0.29%, at 1,197.33 points, with 193 advancers and 262 decliners.

Trade on the southern bourse totaled 1.16 billion shares worth over VND22.69 trillion, surging 27% in volume and 26% in value over the previous session. Among those, 83.3 million shares valued at about VND1.76 trillion were traded in block deals.

Real estate stocks continued to be steal the limelight on the market. NVL surged 3.78% to VND17,850 per share and took the lead by market liquidity with over 71 million shares traded.

On the Hanoi Stock Exchange, the HNX-Index inched down 0.56 point, or 0.24%, to 235.64 points, with 73 winners and 95 losers. The total matched trading volume reached 106.4 million units, with a value of over VND1.74 trillion.

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