FPT Online pays 80% dividend

This decision was approved by the annual general meeting of shareholders of FPT Online Services Joint Stock Company (FPT Online) at the meeting on the afternoon of May 19. With nearly 18.5 million shares listed, the company is estimated to spend about 148 billion dong from undistributed profit to pay dividends.

FPT Online is one of the few companies on the stock exchange that pays cash dividends of approximately par value. In the past three years, the dividend rate of this company has ranged from 130-200%.

The high dividend level is maintained by FPT Online in the context of steady growth in business results year by year, despite the impact of Covid-19. Last year, the company recorded revenue of VND 608 billion and pre-tax profit of VND 276 billion, up about 2% and 8% respectively over the same period.

Ms. Nguyen Thi Hai, Chairwoman of FPT Online’s Board of Directors, said that the company pursues a service expansion strategy, focusing on the strength of the digital platform to find new sources of revenue. Many products and services have been launched as online experience sharing platforms eBoxOnline Fair virtual exhibition, special page Vaccines, Open to tourismsystem V-Car car datapress products Covid-19 data… has reached hundreds of millions of users, partners and customers.

This year, FPT Online’s management has set a target of 760 billion dong in revenue and 332 billion dong in pre-tax profit, up 25% and 20% respectively. This is the highest profit record in the history of this business. Expected dividend rate is not lower than 50%, ie each share will receive at least 5,000 VND.

According to Ms. Hai, the pandemic’s developments are still unpredictable in the long-term and Vietnam’s economy is also under a lot of pressure when fuel prices are high and inflation adversely affects growth. However, the company has prepared appropriate response scenarios on the principle of taking advantage of every opportunity. New product launch speed will be faster and stronger to take advantage of opportunities, not to miss new revenue waves. Digital transformation will also expand and deepen to optimize and automate publishing and business activities.

FPT Online was established in mid-2007 with the strategy of being a leading digital advertising media company, applying technology to the field of publishing media. FPT Online is an advertising operator, accompanying the VnExpress electronic newspaper, Star, run the race series VnExpress Marathon…

On the stock exchange, FOC stock of FPT Online today increased slightly to close to the price range of VND 130,000. Compared to the closing session last year, this share price has increased by more than 8%.

Eastern