Vietnamese Company Reports 444% Increase in Q1 Profit, Holding In-Demand Mineral and Preparing to Payout Record Dividend of 8,800 VND/Share

Hà Giang Mechanical and Mineral Joint Stock Company (HGM) announced a dividend payment on May 27, 2024, at a rate of 88%, equivalent to 8,800 VND/share, totaling approximately 111 billion VND, raising the total dividend for 2024 to 138%. In 2024, revenue reached over 370 billion VND, with pre-tax profit of 233 billion VND, increasing by 111% and 232% respectively compared to 2023. In Q1 2025, revenue hit 154 billion VND, a 194% increase, and pre-tax profit surged 444%. HGM specializes in Antimony mining, a crucial mineral for military and high-tech applications, currently benefiting from China’s restrictions on exports. HGM is the only Vietnamese company producing Antimony at an industrial scale and has ample ore reserves, approximately 372,000 tons. The stock price of HGM closed at 313,000 VND, rising nearly 40% this year.