AsemconnectVietnam - This year, Cholimex's challenge will come from the final settlement of the transformation of state-owned enterprises into joint stock companies, so projects cannot be implemented.

Cho Lon Import-Export and Investment Joint Stock Company (Cholimex, code CLX - UPCoM) has just announced the documents for the General Meeting of Shareholders to be held on April 15 with the target of total consolidated revenue reaching VND662 billion and consolidated profit after tax reaching VND202 billion, both slightly increasing compared to 2024.
Cholimex forecasts that in 2025, the domestic economy will have many positive signals with strong export growth, production, processing and manufacturing sectors serving exports and FDI capital flows into Vietnam... However, the economy still faces many challenges, including prolonged geopolitical tensions, the risk of the US expanding its tariff policy that could affect the global value chain and major trading partners, interest rates may have to be anchored at high levels under the pressure of a strong dollar.
In that context, the Company is favorable thanks to business and investment activities in line with the general development trend. However, the challenge will come from the finalization of the conversion of state-owned enterprises into joint stock companies, so the projects cannot be implemented. The procedures for project investment are also complicated, facing many difficulties, affecting the progress of project implementation.
Therefore, this year, in addition to the task of completing the business plan targets, Cholimex will carry out legal procedures to prepare for the implementation of investment projects of the Company; search, research, and consider the possibility of participating in bidding for new investment calling projects...
Regarding the profit distribution plan, Cholimex plans to pay dividends for both 2024 and 2025 at a rate of 7%.
Looking back at the business results in 2024, the Company brought in more than 655.9 billion VND in total revenue and 198 billion VND in profit after tax, up 1.18% and 9.35% respectively compared to 2023. With this result, the Company completed 99% of the revenue target and exceeded 7.8% of the annual profit target.
N.Nga
Source: VITIC/Tinnhanhchungkhoan