The GELEX Group Joint Stock Company (GEX) has just announced a dividend plan for 2024 at a rate of 10%, equivalent to nearly 900 billion VND. The profit for 2024 reached 3.613 trillion VND, up 158.6% compared to the previous year, driven by growth in the electrical equipment and real estate sectors. GELEX plans to distribute dividends of 5% in cash and 5% in shares. During the annual shareholders’ meeting for 2024, many shareholders expressed their joy at this plan. For 2025, GELEX targets a revenue of 37.600 trillion VND, an increase of 11.5%, but forecasts a 15% decrease in pre-tax profit due to the absence of extraordinary profits as seen in the previous year. The planned dividend for 2025 is also set at 10%. The group will focus on infrastructure investment for industrial parks, electrical equipment production, and research and development of high-tech products, continuing to pursue a sustainable development strategy.
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