The Board of Directors of Hoa Sen Group (HSG) presented the business plan for the Financial Year (FY) 2024 – 2025 at the General Assembly of shareholders. For the fiscal year 2023 – 2024, the consolidated consumption reached 1,941,694 tons, revenue was 39,272 billion VND, and profit was 515 billion VND, all exceeding planned targets. Anticipating numerous challenges in the steel and roofing market, HSG set two business scenarios for response. The group plans to restructure its operational model, with the parent company continuing its traditional manufacturing, while also developing the Hoa Sen Home Building Material and Interior Supermarket System. In the near future, the Hoa Sen Home System is expected to go public after stabilization. HSG currently operates over 400 stores, including 120 Hoa Sen Home supermarkets. They also proposed a 5% dividend payout for FY 2023 – 2024 and plan to buy back 50-100 million treasury shares to protect shareholder interests.
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