Sonadezi Chau Duc (SZC) targets flat profit in 2025
Wednesday, March 26,2025
AsemconnectVietnam - In 2025, Sonadezi Chau Duc Joint Stock Company (code SZC) will continue to focus on promoting marketing to attract investment in industrial land leasing because this is still the main source of revenue in the Company's production and business activities.
According to the documents of the 2025 Shareholders' Meeting held on April 11, 2025, based on the production and business results in 2024 and the actual situation of the projects, the Company sets a revenue target of nearly VND931 billion, a slight increase compared to last year. In particular, the two main segments expected to bring in the main revenue for the Company are industrial land leasing (about VND748.4 billion) and civil real estate business (about VND78 billion), the rest are other business activities, other revenue and other income of the Company. Accordingly, the Company expects its after-tax profit to remain flat at VND302.3 billion.
To complete the 2025 plan as above, the Company will continue to focus on promoting marketing to attract investment in leasing industrial land because this is still the main source of revenue in the Company's production and business activities. The total investment value for industrial park infrastructure construction is expected to be VND167 billion in 2025.
For urban areas, the total investment cost is expected to be approximately VND271 billion in 2025. SZC will urgently complete the construction of technical infrastructure for Sonadezi Huu Phuoc Residential Area, at the same time complete legal procedures and seek investment cooperation partners to deploy the construction of infrastructure in the Northern Urban Area to continue creating more products for marketing and business.
In addition, Chau Duc Golf Course is an added service for Chau Duc Industrial - Urban Park to meet the entertainment needs of investors in the industrial park as well as residents in the project area. SZC said that it will complete the capital contribution to establish a joint stock company to continue operating the existing 18-hole Golf Resort and invest in an additional 9 holes of the Golf Tournament Course - Phase 2 according to the plan approved by the Board of Directors.
Regarding the profit distribution plan, the Company plans to pay dividends for both 2024 and 2025 at the same rate of 10%.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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