On April 12, 2024, SCI E&C Joint Stock Company (HNX: SCI) successfully held the 2024 Annual General Meeting of Shareholders in an online form. With the high consensus from the shareholders, the General Meeting has been approved numerous important contents.
According to the Audited Financial Report 2023 announced, we have recorded our revenue of 1,506.4 billion VND, completing 73.6% of the plan, consolidated profit before tax reached 26.3 billion VND, cash value reached 1,748.1 billion VND, completing 97.1% of the plan.
Regarding production and business activities in 2023, SCI E&C has successfully connected the two projects Nam Lum 1 HPP and Nam Lum 2 HPP to the power grid in early 2023 and brought Nam Xe HPP into operation from June 2023. Ensuring timely completion, quality, efficiency, and safety of projects: Phong Dien Industrial Park project, Canan 1 HPP, and Canan 2 HPP maintenance project. In Laos, Nam Sam 3 HPP and Nam Mo 2 HPP have been ensuring construction progress in many work items, complying with commitments, and meeting the Owner's expectations.
In particular, in 2023, we promoted marketing and bidding, and successfully signed several projects in Vietnam and Laos such as a contract for Nam Mo 2 HPP with the value of 51.5 million USD; Bidding package 11.7 belongs to Phong Dien Industrial Park Project with the value of 87.18 billion VND; Bidding package for Remedial work of right abutment of Nam Nghiep 1 HPP with the value of 694,000 USD…
Regarding production and business plan for 2024, SCI E&C aims to increase the charter capital to 431,967 billion VND, the revenue to 1,800 billion VND, the consolidated profit before tax to 36.1 billion VND, and the dividend payout ratio at 5% to shareholders.
In 2024, SCI E&C will continue to strive to fulfill the progress and quality goals of current projects while also seeking new opportunities in our areas of expertise, which include energy and infrastructure. Facing difficulties in the State's price policy for renewable energy, challenges of increasing raw material prices, lack of human resources, economic recession, and rising global inflation, the Board of Directors needs to define clear goals and strategies, make the right decisions, and contribute to making SCI E&C increasingly stronger, constantly increasing benefits for shareholders, customers, and partners.
At the end of the meeting, all the contents presented to the meeting were approved by shareholders with high consensus and agreement. With the management capacity of the Board of Directors, the spirit of solidarity, the best efforts of the staff, and the support from shareholders, SCI E&C is completely confident in bringing impressive business results in 2024, creating momentum for long-term, sustainable development and contributing more to the community.
