Cuong Thuan IDICO (CTI) plans profit down 23.7% in 2026
Sunday, June 21,2026
AsemconnectVietnam - Cuong Thuan IDICO Investment and Development Joint Stock Company (CTI - HOSE) has announced the documents for its 2026 Annual General Meeting of Shareholders, scheduled to be held on June 26th in Dong Nai City.
In 2026, Cuong Thuan IDICO plans for revenue of VND1,478 billion and after-tax profit of VND133.91 billion, representing a slight increase of 0.1% and a decrease of 23.7% respectively compared to 2025.
Regarding investment plans, Cuong Thuan IDICO expects to invest VND700 billion in 2026.
In terms of construction activities, Cuong Thuan IDICO plans to resume mining and processing operations at the Xuan Hoa quarry project in the second quarter of 2026; The plan includes resuming operations at the Thien Tan 10 quarry project in Q3 2026; commencing construction of the 10.4-hectare residential area project in Phuoc Tan Ward in Q3 2026; completing land clearance for the remaining area of the Tan An industrial cluster in Q3 2026; implementing the land lease and allocation request for the project in Q4 2026; and commencing construction in Q1 2027.
Regarding dividends, Cuong Thuan IDICO proposes to shareholders a stock dividend for 2025 at a rate of 10%, equivalent to issuing nearly 6.3 million additional shares, expected to be implemented in Q3 2026.
Previously, in Q1 2026, Cuong Thuan IDICO recorded revenue of VND358.2 billion, an increase of 26.8% compared to the same period; and after-tax profit of VND45.63 billion, an increase of 7.1% compared to the same period. In particular, the gross profit margin decreased from 40.6% to 33.7%.
N.Nga
Source: VITIC/Dau tu Chung khoan
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