Monday, June 24,2024 - 19:46 GMT+7  Việt Nam EngLish 

MHC (MHC) plans to earn VND35 billion in profit in 2024 

 Tuesday, June 11,2024

AsemconnectVietnam - MHC Joint Stock Company (code MHC - HOSE) announced documents for the 2024 Annual General Meeting of Shareholders, held on June 20 in Hai Phong City.

In 2024, MHC plans to have revenue of VND250 billion, down 10.5% year-on-year, with pre-tax profit of VND35 billion, up 25.3% compared to 2023.
It is known that in 2023, MHC recorded revenue of VND279.46 billion, completing 149.7% of the revenue plan of VND200 billion and pre-tax profit of VND27.94 billion, completing 69.8% of the profit plan of VND40 billion.
Regarding the business orientation in 2024, MHC said it will continue to maintain its operating orientation in the field of transportation - logistics, gradually increasing the proportion of investment in the field of real estate business and financial investment.
Regarding the dividend plan, in 2023, MHC submitted to shareholders a plan to pay dividends in shares at a ratio of 20:1, corresponding to shareholders owning 20 shares will receive 1 new share and is expected to be implemented from the third quarter to the fourth quarter of 2024.
With more than 41.4 million shares in circulation, it is estimated that MHC will issue more than 2.07 million shares to pay dividends in 2023.
In terms of business activities, in the first quarter of 2024, MHC recorded a 2% increase in revenue, up to VND4.11 billion, and after-tax profit shifted from a loss of VND36.76 billion to a profit of VND6.26 billion, an increase of VND43.02 billion. In which, the Company continued to operate below cost price, resulting in a gross profit of negative VND0.27 billion compared to the same period of negative VND0.95 billion.
Although operating below cost price, MHC escaped a loss in the first quarter due to a financial profit of VND10.54 billion compared to a loss of VND31.59 billion in the same period, an increase of VND42.13 billion.
Thus, at the end of the first quarter of 2024, MHC recorded a pre-tax profit of VND7.16 billion and completed 20.5% of the profit plan of VND35 billion.
Source: VITIC/Tinnhanhchungkhoan


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