MSN to pay cash dividend of 10 per cent

HCM CITY — Masan Group Corporation (HOSE: MSN) has set December  一 八 as the record date for paying dividends for  二0 一 九 in the form of cash and December  三0 as the payment date.

It will pay a  一0 per cent dividend, equivalent to VNĐ 一,000 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,  一 七 Lê Duẫn, Bến Nghé Ward, District  一).

With a free float of over  一. 一 七 billion shares, MSN will pay over VNĐ 一. 一 七 trillion (US$ 五0. 二 八 million) in dividends to its shareholders.

MSN targets net revenues of VNĐ 七 五- 八 五 trillion ($ 三. 二- 三. 六 四 billion) this year, a year-on-year increase of  一0 一-  一 二 八 per cent, while net profit is expected to top VNĐ 一-  三 trillion ($ 四 二. 九 –  一 二 八. 七 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  一 一0. 八 per cent to VNĐ 五 五. 六 一 八 trillion ($ 二. 三 九 billion) from VNĐ 二 六. 三 七 八 trillion ($ 一. 一 三 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 VNĐ 八 五 二 billion ($ 三 六. 七 million) in Q 三 and VNĐ 九 六 九 billion ($ 四 一. 八 million) in the first nine months

Its chairman, Dr Nguyễn Đăng Quang, said: “I believe our integrated consumer retail strategy is starting to bear fruit as we hit our first strategic milestone in Q 四, with VinComerce to break even. This is just the very beginning of what we envision: an online- offline consumer retail champion.” — VNS