Phu Tai Joint Stock Company (PTB) has adjusted its 2025 business target at the annual general meeting, with expected revenue of 6.67 trillion VND and pre-tax profit of 477 billion VND, 8% lower than the initial plan. The adjustment reflects the impact of a 10% tax on wood exports to the US. PTB continues to receive orders for Q3 and Q4 2024 while facing challenges from temporary taxes. They plan to start exporting wood pellets in Q3 2025. In the stone sector, PTB has scaled down due to high competition but expects demand to improve thanks to increased public investment in Vietnam. Revenue from the T2 terminal project at Noi Bai airport has reached 18% of committed output. In real estate, Phu Tai has several ongoing projects with specific sales targets. After the first quarter of 2025, PTB reported revenue of 1.635 trillion VND, with pre-tax profit up by 32%. The Board of Directors underwent leadership changes to improve internal operations.
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