Long Hau (LHG) plans down 43.3% profit to VND165.73 billion in 2026
Wednesday, April 15,2026
AsemconnectVietnam - Long Hau Joint Stock Company (LHG - HOSE) has supplemented its documents for the 2026 Annual General Meeting of Shareholders, scheduled to be held on April 22nd in Tay Ninh province.
In 2026, Long Hau plans for total revenue of VND728.22 billion, a decrease of 4.2% compared to the same period; after-tax profit is expected to be VND165.73 billion, a decrease of 43.3% compared to the previous year; total investment is expected to be VND1,496 billion.
Regarding business direction, Long Hau stated that it will implement the Long Hau Industrial Park Phase 2 expansion project, covering 90 hectares, and the Long Hau - Tan Tap Industrial Park project, covering 150 hectares. The focus will be on completing legal procedures and investing in integrated infrastructure, creating a ready supply of products for business in the 2026-2030 period.
Conversely, Long Hau is presenting to shareholders a proposal to cease investment in the An Dinh Industrial Park project in Vinh Long province, covering 200 hectares.
It is known that at the 2021 Annual General Meeting of Shareholders, Long Hau approved the investment in the An Dinh Industrial Park project, covering 200 hectares with an investment capital of VND2,414.26 billion, expecting this to be the company's next growth driver.
However, Long Hau stated that during the five-year research and investment preparation process (from 2021 to 2026), the legal environment and policies related to investment, land, and construction continuously changed, significantly affecting the project's implementation conditions, investment costs, and economic efficiency.
The review and update results show that the project has encountered many unfavorable and inefficient factors. Specifically, the investment capital increased from VND2,414 billion to VND3,190 billion; during the working process, the locality has yet to determine the funding source for the resettlement project to serve the relocation and land clearance for the project, and the funding source for the medium-term public investment plan for the 2026-2030 period.
Previously, at the end of 2025, Long Hau recorded total revenue of VND760.36 billion, achieving 116% of the plan. Net profit after tax reached VND292.46 billion, achieving 202% of the plan; and total investment was VND349.9 billion, only completing 27% of the annual plan.
In addition, regarding profit distribution, Long Hau presented to shareholders a plan to pay a cash dividend for 2025 at a rate of 21%, equivalent to more than VND105 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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