Vietnamese Electric Cable Joint Stock Company (Cadivi) announced information for its Annual General Meeting in 2025 to be held on March 20, 2025. For 2024, Cadivi’s consolidated revenue reached 13.102 trillion VND, an increase of 30% over 2023, with a pre-tax profit of 1.202 trillion VND, up 127%. For 2025, Cadivi aims for consolidated revenue of 14.245 trillion VND and pre-tax profit of 1.271 trillion VND, reflecting nearly 9% and 6% increases, respectively. Notably, Cadivi proposed raising its cash dividend payout from 50% to 140%, corresponding to 805 billion VND, after previously distributing 40% in December 2024. Cadivi is 97.09% owned by Gelex Electric and is considered a “golden egg production company” for Gelex Electric. It is one of the top enterprises in Vietnam’s wire and cable manufacturing sector, known for its substantial and stable revenue. Mr. Nguyen Van Tuan has withdrawn from the Board of Directors of Gelex Group.
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