Paying 60% cash dividend, ‘Airport giant’ targets record profit of 860 billion, wants to build a warehouse at Long Thanh Airport

Saigon Cargo Services JSC (SCSC, ticker SCS) held its 2025 annual general meeting, setting a revenue target of 1,172 billion VND and a pre-tax profit target of 860 billion VND. The company plans to pay a cash dividend of 60% (6,000 VND per share), totaling around 569 billion VND. In 2024, SCS surpassed 1,000 billion VND in revenue for the first time, with post-tax profit reaching 693 billion VND. In the first half of the year, revenue is estimated at 490 billion VND and pre-tax profit at 370 billion VND. SCS is also developing new customers and considering becoming the investor of warehouse number 2 at Long Thanh Airport, which will receive 80% of international flights from Tan Son Nhat. Currently, SCS holds 48% of the market share at Tan Son Nhat and has contingency plans in case it does not participate in Long Thanh.