Leading seafood firm to issue 1:1 bonus

By Thien Ngan   August 23, 2022 | 11:29 pm PT
Leading seafood firm to issue 1:1 bonus
Inside a shrimp hatchery of Minh Phu in Ninh Thuan Province. Photo courtesy of Minh Phu
Major listed seafood exporter Minh Phu Seafood JSC is set to issue bonus shares at a ratio of 1:1.

It is expected to be done this year by capitalizing reserves, and will double the company’s charter capital to VND4 trillion (US$170.9 million).

Minh Phu also plans to pay a cash dividend of VND2,300 per share.

Its revenues in the first six months rose 43% to VND8.7 trillion, but profits fell 15% to VND236 billion due to bad debt provisioning and rising financial costs.

It eyes revenues of VND18.96 trillion and profits of VND1.27 trillion for the full year.

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