AsemconnectVietnam - Thien Nam Import-Export Trading Joint Stock Company (Thien Nam Group, code TNA - HOSE) announced the documents of the 2024 Annual General Meeting of Shareholders, the meeting was held on June 29.

In 2024, Thien Nam Group plans for revenue to decrease by 68.5%, to VND1,479 billion; Pre-tax profit decreased by 73.7% compared to 2023, to VND1 billion.
By the end of 2023, Thien Nam Group will record revenue of VND4,691 billion, completing 80% of the plan, pre-tax profit reaching VND3.8 billion, completing 5% of the profit plan of up to VND81.7 billion.
Regarding business orientation, for iron and steel business, the Company continues to focus on trading domestic products, only importing products with high profit margins; Find export partners, create a premise for exporting products; Promote more exploitation of domestic prestressed steel products to be more proactive in product sources...
For office rental services, the Company maintains and upgrades old premises, improving the quality of service provision to retain old customers and attract new customers; Current floor area is 19,806 m2, exploitation and occupancy rate is nearly 95%; Plan to seek additional investment from 1,500 m2 to 2,000 m2 of new office space to rent and sublease, exploit new products such as shared offices, serviced offices to suit needs of the center regions.
For the real estate sector, through an investment of VND120 billion (accounting for 20% of capital) in Vung Tau Housing Development Joint Stock Company to indirectly invest in the project, the Vung Tau House project investment unit with a scale of 20.24 hectares, the project has completed the legal framework, expected to be implemented in 60 months.
Regarding dividends, Thien Nam Group submitted to shareholders to cancel the plan to issue shares to pay dividends in 2022. The plan was approved on June 23, 2023 and in 2023, dividends will not be paid to shareholders.
It is known that at the 2023 General Meeting of Shareholders, Thien Nam Group approved the plan to pay 2022 dividends in shares at a rate of 10%.
N.Nga
Source: VITIC/Tinnhanhchungkhoan