Sonadezi Chau Duc JSC (SZC) recently announced its Q1/2025 net profit of 134 billion VND, up 106% year-on-year, with total revenue of 414 billion VND, a 94% increase. The company has completed 48% of its 2025 revenue target, aiming for nearly 931 billion VND. In the quarter, Sonadezi signed 3 Memorandums of Understanding (MOUs) for leasing nearly 10ha of industrial land. The total land area handed over so far is 1,886ha (82% of the total project). The company also plans to invest 440 billion VND in construction and 1,200 billion VND for compensation this year. Its expertise in industrial land leasing is expected to generate about 748 billion VND in primary revenue. The leadership believes in the long-term attractiveness of the Chau Duc industrial park due to its strategic location and developing infrastructure. SZC shares are currently trading at around 31,000 VND per share.
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