Gelex Electric JSC (stock code GEE) has announced the election of Mr. Le Ba Tho as Chairman of the Board of Directors for the term 2025 – 2030, succeeding Mr. Nguyen Van Tuan. Le Ba Tho, 42, has 20 years of experience in finance and management and is currently Vice Chairman of Gelex Group and holds several chairmanships. Tuan did not run for re-election to focus on Gelex Group. For 2025, Gelex Electric targets revenue of 22.282 trillion VND and pre-tax profit of 1.686 trillion VND, down from 2024 due to no gain from divestments, while promoting investment in R&D. In the first quarter, revenue is estimated at 4.8 trillion VND, up 30%, with pre-tax profit estimated at 465 billion VND, the highest ever for the company. GEE shares are priced at 72,000 VND each, having doubled since the start of 2025, with a market capitalization nearing 22 trillion VND.
Leave a Reply