Viettel Construction wants to pay 39.5% dividend after a year of record profits

Viettel Construction will pay dividends including 10% cash dividend (1,000 VND / share) and 29.5% dividend in shares.

Viettel Construction Joint Stock Company (Viettel Construction, code: CTR) announces 2020 annual report, set a target of 2021 to reach 6,600 billion of total revenue and 276 billion of profit after tax, respectively up 3.4% and 0.6% compared to implementation in 2020.

Viettel Construction wants to pay 39.5% dividend after a year of record profitsBusiness plan for the year 2021 of Viettel Construction. (Source: CTR Annual Report 2020).

Regarding the dividend payment plan, the company plans to pay dividends in 2020 to shareholders at the rate of 10% in cash (1,000 VND / share) and 29.5% dividend in shares. Higher than the plan approved by the Annual General Meeting of Shareholders (AGM) 2020, the rate of 10% in cash and 16% in shares.

Previously, in 2020, Viettel Construction saw revenue increase by 25% compared to 2019, reaching 6,360 billion VND. Profit after tax is 274 billion dong, up by 45% compared to 2019. This is also the year Viettel Construction reported a record high profit.

2020 is also the year when the revenue structure of Viettel Construction has changed. In which, the integrated solutions and commercial sales increased the contribution to total revenue from 11.5% to 20.5%, reaching 1,309 billion VND. Accounting for the largest proportion in the company’s revenue is still station operation and operation services (53%), reaching 6,360 billion VND.

Talking more about the production and business plan of Viettel Construction in 2021, it is expected that production activities will continue to revolve around four main pillars: construction, exploitation, integrated solutions, B2B civil construction, infrastructure investment and information technology.

In terms of products, the company will promote the business of smart solutions, creating value for society: Smart home, smart city, renewable energy, home care, Solar care, IT support, IT solutions for each business.

For operation and exploitation activities, continuing to expand cooperation with traditional partners such as CMC Telecom, Mobifone, … in the field of Fiber / Tower care. Estimated revenue is estimated at 141.05 billion VND.

For the construction in the group, ensuring the progress of station broadcasting, strengthening the network infrastructure for VTNet, revenue is estimated at 543 billion VND.

Construction outside the corporation, focusing on civil engineering, transportation, technical infrastructure. Estimated revenue is 755.74 billion.

The company continues to invest in rental infrastructure, investing in products such as energy, BTS, DAS, underground. At the same time, it continues to buy back Viettel’s infrastructure, as well as lease Viettel to the source system of BTS stations. This activity is expected to bring 200 billion VND in revenue for the company in 2021.

Finally, with integrated solutions, Viettel Construction said that it will continue to expand its scope and diversify products in industries such as energy, M.E., ICT, smart solution,… expected revenue of VND 460 billion.

Source: – Translated by

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