Vietnam: Sabeco to pay shareholders dividend worth US13 cents for last year performance

Sai Gon Beer-Alcohol-Beverage Corp (Sabeco) will pay shareholders a dividend worth VND3,000 (US13 cents) per share for last year’s performance, according to the company’s annual shareholder meeting on May 27.

Sabeco will finalize the list of shareholders who receive dividend payments on June 10, and they will receive their dividends between June 29 and December 27.

The company recorded an after-tax profit of VND3.6 trillion and chartered capital of VND6.4 trillion ($285 million) at the end of last year, with the Ministry of Industry and Trade holding 90 per cent of the capital. The ministry will receive more than VND1.7 trillion from Sabeco.

This year, Sabeco is targeting an after-tax profit of VND3.4 trillion, a decrease of 5 per cent from 2015’s figure and a dividend of 25 per cent.

06 June, 2016