AsemconnectVietnam - Tay Ninh Rubber Joint Stock Company (TRC) has announced the documents for its 2026 Annual General Meeting of Shareholders, scheduled to be held on June 30th in Tay Ninh province.

In 2026, Tay Ninh Rubber plans to achieve a minimum total revenue and other income of VND1,013.85 billion; a minimum after-tax profit of VND491.27 billion; and a maximum total investment for development and bank debt repayment of VND309.63 billion.
It is known that in 2025, Tay Ninh Rubber's after-tax profit reached VND250.58 billion.
Thus, the estimated net profit plan for Tay Ninh Rubber is expected to increase by 96.1% in 2026.
Regarding profit distribution, Tay Ninh Rubber proposes to shareholders a dividend payment for 2025 at a rate of 30%, equivalent to a total payment of VND90 billion.
Previously, regarding business results, in the first quarter of 2026, Tay Ninh Rubber recorded revenue of VND275.36 billion, an increase of 21.8% compared to the same period; after-tax profit reached VND99.72 billion, an increase of 41.6% compared to the first quarter of 2025. However, the gross profit margin decreased sharply from 38.9% to 27.1%.
During the period, despite the increase in revenue, due to the decrease in the gross profit margin, Tay Ninh Rubber recorded a 15.1% decrease in gross profit compared to the same period, equivalent to a decrease of VND13.23 billion, to VND74.65 billion.
Furthermore, during the same period, Tay Ninh Rubber recorded other income of VND40.89 billion compared to only VND49 million in the same period last year, a dramatic increase.
Tay Ninh Rubber explained that this was mainly due to the recording of VND39.62 billion from the liquidation of fixed assets compared to no such recording in the same period last year.
Thus, the sharp increase in Tay Ninh Rubber's net profit in Q1/2026 was mainly due to the liquidation of fixed assets.
N.Nga
Source: VITIC/Dau tu Chung khoan