PVI Board of Directors held the third regular meeting in 2017 and approved dividend payment plan for 2016

04:49' CH - Friday, 25/08/2017

On 24th August 2017, PVI Holdings (PVI) held the third meeting of the Board of Directors in 2017. The meeting reviewed the business results in the first 6 months of 2017, adopted the action plans set by the Board’s Committees as well as the plan of dividend payment for 2016.

After the first 6 months of 2017, PVI has exceeded the business targets with the following positive results (reviewed figures) *:

Consolidated business results: Total revenue reached VND 4,690 billion, fulfilling 116% of the plan for 06 months, equal to 54% of the year plan. Pretax profit reached VND 323 billion, fulfilling 128% of the plan for 06 months, equal to 56% of the full year target.

Business Results of Parent Company: Total revenue reached VND 359 billion, completing 130% of the plan 06 months, equaling 61% of the year plan. Profit before tax reached VND 219 billion, fulfilling 157% of the plan for 06 months, equal to 70% of the plan.

At the meeting, PVI's Board of Directors adopted the plan of dividend payment for 2016 with dividend payout ratio of 20%, to be paid in September this year. This is the second consecutive year that PVI has had high dividend payout ratio (20%), which confirms the profitability from PVI's business and investment activities benefiting to its shareholders.

The confidence of shareholders and investors in PVI is well-demonstrated when the value of PVI shares continuously increased and became one of the most attractive shares on the stock market in 2017. Closing price of PVI shares on 31st July 2017 reached VND 34,600 per share, an increase of 38.4% compared to 31st December 2016.

Also at the meeting, the the Board’s Committees including the Strategy and Development Committee, the Investment Committee, the Audit & Risk Management Committee, the Remuneration & Nomination Committee reported their plans for the coming time in order to enhance the corporate governance, ensure efficiency and fulfill business targets.

* Note: The figures above are prepared in accordance with Vietnamese Accounting Standards unless otherwise noted.

PVI Share

PVI Financial Statements 2016

PVI would like to present the audited financial statements of the year 2016 to our valued shareholders, clients and partners
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