CPH (Hai Phong Funeral Service Joint Stock Company) reported a revenue of nearly 152 billion VND in 2024, up 15% from 2023, ranking second in its history. The net profit was 10.8 billion VND, up 6%, although management costs increased by 15%. Chairman Nguyen Hong Le had an income of about 1.3 billion VND/year (109.5 million/month). Other executives also earned well, including Vu Van Phong (713 million VND/year) and Pham Xuan Thu (698 million VND/year). Established in 2015 from 100% state capital to a JSC, it is the only one on the stock exchange in the funeral sector. The company offers funeral services and maintains a cash dividend of 15-20%/year. Its shareholder structure is stable, with 64.5% held by Hai Phong People’s Committee, and CPH shares have low liquidity, priced at only 300 VND/share.
Leave a Reply