The profit before tax business plan this year is VND 500 billion, 3.5% more than in the same period last year.

On the morning of March 24, Container Vietnam (Viconship, HoSE: VSC ) held its 2022 Annual General Meeting of Shareholders. Shareholders have approved this year’s revenue plan to reach VND 1,900 billion, a slight increase of 0.4% compared to 2021. The profit before tax plan is VND 500 billion, 3.5% more than in the same period last year. Seaport unloading output was 1.1 million TEUs, an increase of 10%. Based on the business plan, the company’s leaders also proposed a 20% dividend for this year but did not provide a specific plan for money or shares.

The GMS also approved the plan to pay dividends in 2021 at the rate of 15%, 5% in cash and 10% in shares. Specifically, the company will issue up to 11 million shares to pay dividends to shareholders in 2021 at a ratio of 10:1. Chartered capital after issuance is 1,212 billion VND. The remaining dividend of about VND 27.5 billion was paid in cash in November 2021.

In the period 2016-2020, Viconship pays dividends in cash at the rate of 20-50%.

According to Nguyen Viet Hoa, Chairman of Viconship at the meeting, it is estimated that by March 24, the company’s revenue is VND 446 billion, profit before tax is VND 120 billion, nearly 24% of the plan presented this year.

Regarding the capital contribution to VIMC Dinh Vu port in Hai Phong, Mr. Hoa said that due to the fact that Vinalines partner (the enterprise holds 51% of the shares here) is a State company, leading to delayed investment procedures. The project will be postponed to the second quarter and at the latest at the beginning of the third quarter will be in operation.

VIMC Dinh Vu port was established in 2011, with a total investment of VND 200 billion, of which Viconship contributes 36% of shares.

Regarding the GLC project – unloading warehouse at Dinh Vu Industrial Park, Viconship will invest an additional VND 500 billion to complete the project. Before that, the company had invested 90 billion VND here. The project will go into operation as soon as Viconship pays for the available assets, which is expected to be 1/7. Currently, the project is 2/3 completed, it can be unloaded immediately. This project not only serves VIMC Dinh Vu, but also Green Port, GIC… where Viconship holds 60%-70%.

In addition, at the meeting, shareholders also approved the dismissal of the Board of Directors for the term 2020-2025 for 3 members, Mr. Tran Tien Dung, Mr. Nguyen Van Tien and Mr. Nguyen Hoang Anh. Along with that, the shareholders also approved the nomination of Bui Minh Hung of T&D Group, which holds 5.1% of Viconship’s shares, as a member of the Board of Directors. Thus, the Board of Directors of the company will have 7 people after the meeting.

In 2021, the company’s revenue reached VND 1,892 billion, 11.3% more than the plan and 12% more than in 2020. Profit after tax is VND 414 billion, 39.5% higher than the same period last year. Seaport loading output was more than 1 million TEUs, up 8.2% from the plan and up 4.3% from the previous year.

Source: CafeF