Lof International Milk Joint Stock Company (stock code IDP) has announced plans for its 2025 Annual General Meeting, aiming for revenue of 8.4 – 8.8 trillion VND, an increase of 10-14% year-on-year. However, profit after tax is expected to fall significantly to 360-440 billion VND (down 50-59%), due to fierce competition and increasing advertising costs. In Q4 2024, after-tax profit reached 64 billion VND, a decrease of over 70% compared to the same period last year. The company currently operates 2 plants in Ba Vi and Cu Chi with a total capacity of 300,000 products/year and is constructing a new factory in Binh Duong with a total investment of 6.5 trillion VND, projected to operate from 2025-2027. The dividend ratio from 2021-2023 was between 60-85%, with 2025 projected at 50-80% in cash.
Leave a Reply