AsemconnectVietnam - The Board of Directors of Thanh Cong Textile Garment - Investment - Trading Joint Stock Company (code TCM) has just announced its 2025 business plan as well as its plan to pay dividends to shareholders.

In 2025, TCM aims for net revenue of more than VND4,535 billion, an increase of 19% compared to 2024, but the net profit target only increased slightly to VND278.7 billion.
In the first month of 2025 alone, TCM's parent company's revenue reached VND346.3 billion and its after-tax profit reached VND26 billion, up 3% and 13% respectively over the same period. In Thanh Cong's revenue structure, garment products continue to account for the largest proportion at 81%, followed by fabric at 13% and yarn at 5%.
Regarding export markets, Asia plays a key role for Thanh Cong Textile, accounting for 80.3% of total export turnover in January 2025. Of which, Korea leads with 41.07% (this is the key market where the Company aims to increase exports by nearly 30% this year). In addition, the Japanese market also accounts for 25.8% and the Vietnamese market accounts for 6.47% in TCM's revenue structure.
Next is the American market, contributing 14.9% of export revenue, including the US accounting for 10.37% and Canada accounting for 4.15%. Europe accounts for 3.9%, with the UK market alone accounting for 3.35%.
Currently, TCM has received enough orders for the first quarter of 2025, and the Company is receiving orders for the second quarter and starting to receive orders for the third quarter.
In another development, TCM's Board of Directors also announced that March 18 is the last registration date to receive the first dividend of 2024 and attend the 2025 Annual General Meeting of Shareholders. The company plans to pay a cash dividend at a rate of 5% (equivalent to VND500 per share). The dividend payment date is April 4, 2025.
With nearly 102 million shares in circulation, TCM plans to spend about VND51 billion to pay shareholders. TCM's largest shareholder, E-land Asia Holdings Pte., Ltd (Singapore), is holding more than 47% of the capital, and is expected to earn nearly VND24 billion from this payment.
Looking back at the business picture in 2024, the Company brought in VND3,810.4 billion in net revenue and more than VND278 billion in net profit, exceeding the annual plan by 2.78% and 72.46%, respectively.
N.Nga
Source: VITIC/Tinnhanhchungkhoan