QNS Soy Milk Profit Up 34%, Interim Dividend 10% for 2026
This Aveluro analysis covers QNS on UPCOM in the Food & Beverage sector. The classified event type is dividend announcement, with positive sentiment and a deterministic market-impact score of 4.8/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from CafeF - Doanh nghiệp, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Overview
Đường Quảng Ngãi (UPCOM: QNS), Vietnam’s leading soy milk producer, announced an interim cash dividend of 10% for 2026, paying 1,000 VND per share. The company will disburse nearly 368 billion VND on August 27, following strong H1 2026 results where soy milk gross profit grew over 34%.
Key Facts
- QNS will pay an interim cash dividend of 10% (1,000 VND/share) for 2026, totaling nearly 368 billion VND.
- Record date is August 19, 2026; payment date is August 27, 2026.
- The company has over 367.6 million shares outstanding.
- H1 2026 net revenue reached over 6,057 billion VND, up nearly 17% year-on-year.
- H1 2026 net profit exceeded 958 billion VND, up over 2% from 938 billion VND in H1 2025.
- Soy milk segment revenue reached ~2,740 billion VND in H1 2026, up over 20%; gross profit reached ~1,317 billion VND, up over 34%.
- Soy milk gross margin improved from ~43% to 48%.
What Happened
The Board of Directors of CTCP Đường Quảng Ngãi (QNS) approved an interim cash dividend for the first installment of 2026 at a rate of 10%, equivalent to 1,000 VND per share. With over 367.6 million shares outstanding, the company will spend nearly 368 billion VND on this dividend. The record date is August 19, and payment is scheduled for August 27, 2026.
This dividend announcement follows the company’s Q2 2026 business results. In Q2 2026, net revenue reached approximately 3,289 billion VND, up nearly 13% year-on-year, while net profit reached nearly 567 billion VND, up about 4%. For the first half of 2026, net revenue exceeded 6,057 billion VND, up nearly 17%, and net profit surpassed 958 billion VND, up over 2%.
The soy milk segment, managed by Vinasoy, was a key driver. Revenue from this segment reached about 2,740 billion VND, up over 20%, with gross profit of about 1,317 billion VND, up over 34%. Gross margin improved from about 43% to 48%. The sugar segment also saw revenue growth of over 16% to about 1,965 billion VND, but gross profit fell about 10% to 350 billion VND.
Market Context
QNS shares closed at 47,000 VND on August 7, 2026, on the UPCOM exchange. The stock has been supported by the company’s consistent dividend policy and growth in its core soy milk business. The broader Vietnamese consumer staples sector has seen steady demand, and QNS’s focus on high-margin soy milk products positions it well within the market.
Strategic Significance
The interim dividend underscores QNS’s commitment to shareholder returns, with a minimum 2026 dividend target of 15% (1,500 VND/share). The strong performance of the soy milk segment, with gross margin expanding to 48%, highlights the company’s pricing power and operational efficiency. For long-term investors, QNS offers a defensive consumer staple play with a growing high-margin product line and a clear dividend policy.
What to Watch
- Q3 2026 earnings release, expected in October 2026, to see if soy milk growth continues.
- Any updates on the sugar segment’s margin recovery.
- Confirmation of the second dividend installment for 2026, likely in early 2027.
- Changes in soy milk market share or competitive dynamics.
- Foreign ownership levels and any significant institutional moves.