Hoa Phat (HPG) plans to generate an expected revenue of VND170,000 billion in 2025
Thursday, March 27,2025
AsemconnectVietnam - Hoa Phat Group (HPG) plans to generate an expected revenue of VND170,000 billion, up 21% compared to 2024. Expected after-tax profit is VND15,000 billion, up 24.7% compared to the previous year.
On March 25, 2025, the Board of Directors of Hoa Phat Group Joint Stock Company (stock code HPG) issued Resolution No. 06/NQHP-2025 on approving a number of contents expected to be submitted to the General Meeting of Shareholders at the annual meeting in April. In particular, Hoa Phat Group plans to generate an expected revenue of VND170,000 billion, up 21% compared to 2024. Expected after-tax profit is VND15,000 billion, up 24.7% compared to the previous year.
As planned, the 2025 Annual General Meeting of Shareholders (AGM) of Hoa Phat Group will take place on the morning of April 17, 2025 at Melia Hanoi Hotel, No. 44 Ly Thuong Kiet, Hoan Kiem District, Hanoi. At the meeting, the Board of Directors of the Group plans to submit many important contents to the 2025 Annual General Meeting of Shareholders.
The meeting will discuss and approve the Regulations on organizing the 2025 Annual General Meeting of Shareholders; Report on the Board of Directors' performance; Report on the 2024 business performance, and submit the 2025 business plan; Report on the fund allocation situation in 2024, expected fund allocation plan in 2025.
The Board of Directors of the Group agreed to submit to the General Meeting of Shareholders for approval of the dividend payment plan in 2024, expected dividend rate in 2025. The expected dividend rate in 2024 is 20%, of which 5% is in cash and 15% is in shares. The source of dividend payment is from undistributed profit after tax. The implementation period is within 6 months from the date of approval by the General Meeting of Shareholders. With the dividend rate in 2025, the Group expects to be 20%.
Hoa Phat Group also agreed to submit to the General Meeting of Shareholders for approval of a number of other important contents such as: Remuneration level of the Board of Directors and the Board of Supervisors; Amendment and supplementation of registered business lines; Amendment of a number of contents of the Company Charter; Select an auditing unit to review the semi-annual financial statements and audit the annual financial statements for the period 2025-2027; Approve the audited financial statements for 2024.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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