VEAM to Hold Extraordinary General Meeting to Supplement Board Members

The Vietnam Engine and Agricultural Machinery Corporation (VEAM) will hold an extraordinary General Meeting of Shareholders on April 25, 2025, in Hanoi, to elect additional members to the Board of Directors. The deadline for registration is March 27, 2025. In the fourth quarter of 2024, VEAM reported a net revenue of 1,147.1 billion VND, a 22.3% increase year-on-year, with a gross profit of nearly 167.3 billion VND, a significant improvement from 21.1 billion VND in the same period last year. Financial revenue decreased by 34.5% to 210.8 billion VND, while financial costs dropped by 94.8%. The net profit reached 2,497.4 billion VND, up 61.9% from the previous year. Cumulatively, in 2024, VEAM achieved a net revenue of 4,118.8 billion VND, a rise of 8.2%, and a post-tax profit of 7,421.8 billion VND, an increase of 18.5%. As of December 31, 2024, total assets stood at 27,561.8 billion VND, with bank deposits accounting for 47.6%. Total liabilities amounted to 1,323.5 billion VND, down 5.9% from the beginning of the year.