CIENCO4 (C4G) targets VND4,000 billion in revenue and VND200 billion in after-tax profit
Monday, April 28,2025
AsemconnectVietnam - On April 26, CIENCO 4 Group Joint Stock Company (stock code: C4G) successfully held the 2025 Annual General Meeting of Shareholders, approving many important contents. Notably, the plan is for total revenue of VND4,000 billion, after-tax profit of VND200 billion, dividend payout ratio of 7%.
In 2025, CIENCO4 will focus on implementing projects that have completed legal procedures or have investment policies, including: items of the Cau Cau Mixed Service Tourism and Resort project (Nghe An), with an investment level of VND1,700 billion; continue to research projects in Hanoi, Ho Chi Minh City and Nghe An; research on exploiting land owned by the group and its subsidiaries; ...
The Corporation also plans to issue 17,865,037 shares in the second or third quarter of 2025 to pay dividends in 2024, at a rate of 5%.
In particular, in 2025, CIENCO4 will continue to complete the requirements of the State Securities Commission as well as management agencies to soon list C4G shares on HNX. The Corporation will also promote joint ventures and partnerships with Japanese partners to expand the market into the fields of interior equipment business, building operation management, renewable energy and labor export. Along with that, the enterprise will prepare well in terms of human resources, technology - equipment capacity, related partners .... to be ready to participate in the construction of works under the North-South High-Speed Railway project, the East-West railway lines (Lao Cai - Hanoi - Hai Phong, Lang Son - Hanoi ...), Metro lines in Hanoi and Ho Chi Minh City.
In 2024, CIENCO4 achieved total revenue of VND3,358 billion (74.6% of the plan), after-tax profit of VND 179 billion (71.7% of the plan). In 2024, CIENCO4 won bids and signed contracts with a value of approximately VND2,000 billion, including: Bidding packages at Long Thanh Airport; Bidding packages at Quang Tri Airport; Bidding package XL10 Upgrading and renovating Khanh Hoa Provincial Road 1B ... and other bidding packages.
At the congress, Mr. Nguyen Tuan Huynh, General Director of CIENCO4 said that 2025 is of special importance, a year of acceleration, breakthrough, finishing, the final year of implementing the 5-year socio-economic development plan 2021-2025 and preparing and consolidating the fundamental factors, creating a premise to confidently enter a new era - the era of the country's rise to prosperity and wealth. In 2025, the Government and ministries will focus on strategic transport infrastructure routes. This is a great opportunity for transport infrastructure construction enterprises in general and CIENCO4 in particular. With the possession and mastery of modern and advanced construction technologies, ensuring the construction of large projects with complex technical requirements; Possessing abundant human resources of technical staff, management staff and technical workers... CIENCO4 is ready to undertake well the work in the field of investment - construction of traffic, technical infrastructure, irrigation, civil... as well as doing well in other business fields, striving to complete the set goals for 2025.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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