DECOFI HOLDS THE 2025 ANNUAL GENERAL MEETING OF SHAREHOLDERS

 

2024 Business Results

In 2024, despite facing numerous challenges in the construction industry, DECOFI recorded positive business outcomes. Specifically, revenue for 2024 reached VND 1,326.41 billion, fulfilling 110.53% of the annual target, and achieving 217% compared to 2023. Profit after tax amounted to VND 39.38 billion, equivalent to 371.63% of the profit after tax in 2023. As of December 31, 2024, DECOFI’s total assets reached VND 1,041 billion. Key financial indicators such as liquidity ratios, debt ratios, ROA, and ROE were positively improved.

During the year, the Company reviewed and assessed its investment cooperation activities, subsequently liquidating and recovering investments that failed to meet expectations; and redirected its investment focus by entering into new partnerships with Ky Nguyen Construction Investment and Development Co., Ltd. and Green View Investment and Development Co., Ltd. to implement feasible projects. This strategy, alongside construction as the core activity, was approved by the General Meeting of Shareholders.
 

2025 Plans

At the Meeting, DECOFI's leadership evaluated that 2025 would continue to be affected by socio-economic fluctuations. However, with the goal of making 2025 a strategic turning point, DECOFI is committed to: enhancing production and business efficiency; optimizing operational processes; innovating technology and improving product and service quality; proactively adapting to market conditions, strengthening financial management, and expanding both domestic and international markets.

Mr. Pham Hung Cuong, Chairman of the Board of Directors, shared: DECOFI aims to expand its domestic market and develop international markets. We are committed to maintaining stable growth in core business areas, seeking new promising investment opportunities, while also accelerating digital transformation and strengthening risk management.
 

2025 Targets are as follows

Revenue of VND 1,900 billion, equivalent to 143% of the 2024 figure; consolidated pre-tax profit of VND 70 billion, reaching 177.76% compared to 2024; and expected dividend payout for 2025 at up to 50% of post-tax profit.

Key resolutions approved at the Meeting include: the proposal to recover investment cooperation capital; the plan to issue shares to increase charter capital from owner’s equity; the plan for private share placement; and the ESOP share issuance plan for employees.
 

In addition, the AGM elected a new member to the Supervisory Board for the 2024–2029 term: Mr. Vu Ngoc Tue was elected to replace Ms. Le Thi Tinh, who resigned for personal reasons.

With high consensus and unity, the Meeting approved all reports, proposals, and other important contents, affirming DECOFI’s solidarity and determination for sustainable development in the upcoming period.