AsemconnectVietnam - Saigon Real Estate Joint Stock Corporation (Saigonres, code SGR - HOSE) announced the documents of the 2024 Annual General Meeting of Shareholders, held on April 26 in Ho Chi Minh City.

In 2024, Saigonres plans a total investment capital of VND1,645 billion, an increase of 240.9% over the same period, expected pre-tax profit of VND190 billion, an increase of 48.1% compared to implementation in 2023.
It is known that in 2023, Saigonres also has ambitious plans, at the end of the fiscal year, revenue decreased by 84.8%, to VND99.16 billion, profit after tax decreased by 52.3%, to VND103 billion.
Thus, by the end of 2023 with a profit of VND103 billion, Saigonres will only complete 32.7% of the year's profit plan of VND315 billion but 104% of the profit plan of VND99 billion (Saigonres has adjusted its 2023 business plan from a profit of VND315 billion to VND99 billion in the last days of 2023).
Returning to the 2024 business plan, in terms of finance, Saigonres continues to work with banks and credit institutions to basically complete the bond issuance plan and seek capital sources to serve investment work.
Deploy the business of non-project land plots and remaining products of projects to recover capital for investment work and actively urge debt recovery from partners.
Regarding investment projects, Saigonres said it will continue to focus capital to implement ongoing investment projects such as Van Lam - Binh Thuan housing project; Viet Xanh - Hoa Binh ecological urban area project, Cua Can housing, commercial and service complex project, Phu Quoc; Phu Dinh Riverside apartment project; Phu Hoi commune residential area project, Nhon Trach district, Dong Nai; Le Sat and Tan Huong street intersection project, Tan Phu district; Central project in Cai Rang district, Can Tho City.
N.Nga
Source: VITIC/Tinnhanhchungkhoan