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Hòa Phát Group Joint Stock Company (ticker: HPG) announced that May 26 is the record date to issue more than 767.5 million shares to pay a dividend at a rate of 100:10, meaning that for every 100 shares held, shareholders will receive an additional 10 new shares. After this split, the outstanding share count of Hòa Phát will rise to over 8.4 billion shares — equivalent to the global population, and the charter capital is expected to reach about 84,430 billion dong. On May 12, Hòa Phát also finalized the list of shareholders to implement a cash dividend with a rate of 5%, equivalent to 500 dong per share. The total amount to be paid is approximately 3,850 billion dong. The cash dividend will be paid from June 3. Regarding business results, in Q1 2026, Hòa Phát recorded net revenue of 52,901 billion dong, up 35% year-on-year. Net profit after tax reached 9,056 billion dong, up 170% YoY. This result is mainly driven by a one-off gain of about 4,916 billion dong from the disposal of contributed capital at a subsidiary, together with increased steel production as prices and margins improved. For 2026, Hòa Phát set a target revenue of a record 210,000 billion dong, net profit after tax of 22,000 billion dong; representing increases of 33% and 42% respectively versus 2025. Thus the group has completed about 25% of the revenue target and 41% of the annual profit target after the first quarter. On the stock market, HPG stock closed May 11 at 27,000 dong per share.
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