Hanoi Transformer and Electrical Materials Manufacturing Joint Stock Company (BTH) just announced a dividend plan for 2024 of up to 260%. Specifically, the first payment will be 10% and the second will be 250%, totaling nearly 3 times its charter capital of 250 billion VND. This generous dividend stems from a net profit that reached 708 billion VND, up 6,742 times from 2023, primarily due to its real estate business, particularly the Hoang Thanh Pearl project in Hanoi. However, BTH has indicated a cautious revenue target of 194 billion VND and a post-tax profit of 100.8 billion VND for 2025. In Q1 2025, the company reported revenue of only 12 billion VND and profit of 10.7 billion VND, with total assets near 1,300 billion VND. The Hoang Thanh Pearl project is a complex of apartments designed by CPG Consultants, with apartment prices ranging from 68.3 to 80.2 million VND/m².
Leave a Reply