FPT Online to pay 200 percent dividend

Staff at FPT Online's Hanoi headquarters. Photo by VnExpress.

The cash dividend will be paid in April this year.

The company’s revenue last year dropped 1.6 percent to VND599 billion ($26.04 million), and pre-tax profit was down 20 percent to VND255.5 billion.

It targets revenues of VND700 billion and pre-tax profits of VND310 billion this year. The company expects to pay cash dividends higher than 50 percent of FOC share’s nominal value in 2021.

Despite the impacts of the Covid-19 pandemic, the company achieved revenue growth in several sectors. Revenue from events grew over 38 percent year-on-year; from advertisements, up 3.6 percent; from ticket sales for the annual charity run VnExpress Marathon, up three times.

In 2020, FPT Online made great efforts in digital transformation to increase productivity and maximize revenue.

While its business plan is expected to be affected by the pandemic this year, the company is determined to remain the leading online advertiser in the country and continue to apply technological advances in the publishing industry.

The company has also said it will continue to conduct research and develop products and services on the online-platform, such as Vlight, its licensed image provider, and its podcast, or digital audio files, and introduce them to its advertising partners in order to enhance the connection between enterprises and their customers.

Since its former chairman, Thang Duc Thang, resigned from the position to retire, FPT Online’s board of directors now has three members: Chu Thi Thanh Ha, Nguyen The Phuong and Nguyen Thi Hai.

Ending the trading session on Wednesday afternoon, FOC shares on the stock market stood at VND150,000 per share, rising 13.7 percent compared to its value on March 19, when the dividend payment plan was announced.