AsemconnectVietnam - Dai Thien Loc Joint Stock Company (stock code DTL - HOSE) sets a plan in 2023 with the target of total revenue of VND1,600 billion, equivalent to last year, of which exports reached USD1.5 million; expected profit of VND4 billion, while in 2022, the loss is VND153 billion.

In addition to the business plan, the 2023 Annual General Meeting of Dai Thien Loc will also seek opinions to approve the cancellation of the plan to pay dividends to existing shareholders from the remaining undistributed after-tax profit until 2021, with the rate of 20% of charter capital in cash or shares.
In addition, the Company will also elect additional members of the Board of Directors for the 2020-2025 in place of Mr. Vo Thanh Lam who has previously submitted his resignation.
Regarding business activities, in the first quarter of 2023, DTL's net revenue reached nearly VND544 billion, up 83% over the same period last year. However, due to fluctuations in hot-rolled steel material prices, production costs fluctuated, so this period's profit margin decreased sharply compared to the previous period. As a result, the company lost more than VND39 billion after tax, while the same period made a profit of more than VND23 billion.
With a loss of VND39 billion in the first three months of the year, DTL is still far from the target of VND4 billion profit this year.
DTL believes that Vietnam's steel market opportunities will increase when promoting public investment in combination with policies to attract investment from abroad. It is forecasted that in the coming time, many foreign companies and corporations will choose Vietnam as the place to locate their representative offices and production plants. Therefore, the demand for building factories and industrial parks increases.
In 2023, Dai Thien Loc Joint Stock Company said that it will study and produce cold galvanizing line 1 to produce zinc sheets with a thickness of up to 2.5mm, Z270-Z300 zinc plating for export.
N.Nga
Source: VITIC/Tinnhanhchungkhoan