VEFAC Reports Massive H1 Profit, Pays Out 330% Dividend
Vietnam Exhibition Fair Center JSC (VEFAC) has announced a bumper net profit for the first half of 2025, leading to a significant dividend payout. The company's share price has responded positively to the news.
VEFAC's net profit soared to VND15.25 trillion ($583.3 million) in the first half of 2025, a staggering 8,372% increase year-on-year. This impressive performance has enabled the company to propose interim dividends at a rate of 330%, totaling nearly VND5,500 billion ($208.24 million).
The company's revenue also surged, reaching VND44.57 trillion ($1.7 billion) in the first half, an 86-fold increase from the same period last year. VEFAC plans to spend nearly VND5,500 billion ($208.24 million) on dividends, which is over 53% of its accumulated profits. Major shareholders, including Vingroup with an 83.32% stake, stand to gain significantly. Vingroup is set to receive nearly VND4,600 billion ($174.17 million) from the dividends.
VEFAC's share price has reacted positively to the dividend announcement, climbing by 7.5% to VND176,800 ($6.69) per share. The company previously paid dividends at a rate of 435% in July, totaling VND7,200 billion ($272.6 million) in cash payments.
VEFAC's strong financial performance has translated into substantial dividends for shareholders. The company's plans to expand into new business lines, including passenger transport, services, retail, and personal care, suggest a promising future. Meanwhile, the addition of Do Quang Minh to the board of directors for the 2025-2030 term signals a commitment to strategic growth.
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