Dividend in 2022, Nhon Trach 2 Board of Directors (NT2) submitted a dividend payment plan at the rate of 25% (1 share received VND 2,500) exceeding the plan set out at the General Meeting of Shareholders for approval (rate 15%).
Nhon Trach 2 Petroleum Power Joint Stock Company (HoSE: NT2) scheduled to hold the Annual General Meeting of Shareholders in 2023 in Ho Chi Minh City on April 19.
According to the project document, Nhon Trach 2 Oil and Gas said that the economic situation in 2023 will continue to face many difficulties because the production situation has not fully recovered due to world political and economic uncertainties, so the secondary demand will not be fully recovered. load and electricity production will decrease. Besides, input gas prices increased. In addition, the structure of renewable energy sources liwns leads to the mobilization method of A0 which is disadvantageous to traditional power plants.
Accordingly, NT2 targets total revenue of 8,299 billion dong; profit after tax is 473.6 billion dong and profit after tax, respectively, down 5.83% and 46.4% compared to the implementation in 2022. The expected power output is 4,100 million kWh; gas volume reached 779.54 million Sm3.
Regarding the dividend payment plan, NT2 expects the dividend rate in 2023 to reach 15%. Dividend in 2022, the Board of Directors submitted a dividend payment plan at the rate of 25% (1 share received VND 2,500) exceeding the plan set out at the General Meeting of Shareholders for approval (15% rate).
This year, the company will reduce production costs by safely and stably operating the units, operating in optimal mode to reduce heat loss in order to improve production and business efficiency.
Regarding the investment and development plan, NT2 develops a company development plan from time to time to increase production and business efficiency. Specifically, NT2 will participate in the competitive wholesale and retail electricity market according to the Government’s roadmap; research, deploy and search for fuel sources suitable to the production and business situation of the company.
In particular, the company is researching and proposing to invest in solar power at the plant; at the same time, research and apply technical and technological solutions to increase the efficiency of electricity production.
