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Profit rose sharply and the company announced a cash dividend of VND 1,500 per share, but retail investors have limited opportunity to buy the stock.
According to a notice from the Ho Chi Minh City Stock Exchange, with a 15% payout rate (1 share receives VND 1,500), L10 is expected to pay about VND 14.7 billion to shareholders on June 12, 2026. The dividend yield is the highest since the company listed, rising from the 10% level maintained steadily from 2017 to 2023.
The increase is attributed to strong 2025 business results. Net revenue reached VND 1,438 billion, up 34%, while net profit after tax rose to VND 37.67 billion, up 36.7% year-on-year.
Operating efficiency also improved, with gross profit of VND 89 billion, up 73.6%, supported by revenue recognition for key projects.
In Q1 2025, results continued to trend positively. Revenue was VND 391 billion, up 83% year-on-year, and net profit after tax reached VND 5 billion, up 54%.
The company said the figures were driven by acceptance testing and finalization of major industrial and mechanical construction works on schedule.
Despite the positive performance, L10 shares remained without matched trades at the reference price of VND 26,850 for several consecutive sessions.
A concentrated ownership structure is cited as the main factor restricting liquidity. Three major shareholders hold 87.14% of charter capital: Chairman Dang Van Long (40.44%), Vietnam Machinery Erection Corporation (36%), and Mr. Trinh Ngoc Tuan Hung (10.7%).
At the current price, L10’s cash dividend yield is about 5.6%, which may be suitable for long-term holders. However, the lack of sell orders persists even after the dividend information was released, reflecting the tight holding pattern of existing shareholders.
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