Quang Ngai Sugar ‘backs off’ profit expectations for 2025, reveals leadership salaries for 2024

Quang Ngai Sugar Joint Stock Company (QNS) announced its business plan for 2025, expecting revenue of 10 trillion VND and a net profit of 1.79 trillion VND, marking a decrease of 6% and 25% compared to 2024. The company will invest in three major projects, including expanding the An Khê Sugar Factory and building the An Khê Ethanol Plant. In 2024, QNS achieved a record revenue of 10.678 trillion VND and a net profit of 2.377 trillion VND. QNS plans to maintain a minimum dividend of 15% for 2025 and has approved a 40% dividend for 2024. Additionally, QNS anticipates issuing ESOP shares for up to 50 employees based on 2025 results. Salaries for leadership in 2024 were also disclosed, with CEO Vo Thanh Dang earning over 1.7 billion VND, two Deputy CEOs earning around 1.1 billion VND each, and the Chief Accountant earning 821 million VND.

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