Colusa - Miliket Foodstuff Joint Stock Company has slashed its 2024 cash dividend to a record low of 13%, once holding 20% of Vietnam’s instant noodle market, the brand now commands only about 2%
Colusa - Miliket Foodstuff Joint Stock Company has slashed its 2024 cash dividend to a record low of 13%, amid shrinking market share and rising operational pressure. Once holding 20% of Vietnam’s instant noodle market, the brand now commands only about 2%. The dividend cut is intended to retain capital for machinery upgrades and a future plant. The company expects exports to remain its financial backbone while undergoing restructuring. The stock has seen little trading, down nearly 38% from its 2022 peak.
Colusa - Miliket Foodstuff Joint Stock Company has slashed its 2024 cash dividend to a record low of 13%, amid shrinking market share and rising operational pressure. Once holding 20% of Vietnam’s instant noodle market, the brand now commands only about 2%. The dividend cut is intended to retain capital for machinery upgrades and a future plant. The company expects exports to remain its financial backbone while undergoing restructuring. The stock has seen little trading, down nearly 38% from its 2022 peak.
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