Sonadezi Corporation (Sonadezi, UPCoM: SNZ) has just held the Shareholders Annual General Meeting on April 27, 2023 setting the goal of developing a new industrial park in Khanh Hoa province.
According to the meeting, Sonadezi Corporation has made efforts to overcome and achieve positive results despite the many changes and difficulties in 2022. Sonadezi achieved a total revenue of VND 5,626 billion (101.99%); profit after tax is 1,118 billion dong (104.8%); contribute 670 billion dong to the state budget (117.11% ) which far exceeded the projected target plan.
SNZ’s 2023 Annual General Meeting of Shareholders
SNZ – The mother company separately achieved a total revenue of more than VND 684 billion (100.29%); profit after tax is more than 455 billion dong, (102.04%); return of equity is 11.84%, reaching (102.07%); cash dividend at the rate of 11% of par value of outstanding shares (up 10% compared to the plan), equivalent to VND 414 billion.
2023 is still pervaded by widespread inflation and economic recession, complicated developments in geopolitics, and unresolved problems in legal procedures. Sonadezi Corporation’s production and business is still facing many difficulties, especially in the field of industrial and civil real estate, construction and construction materials. Therefore, Sonadezi’s structure and each member company have been setting cautious and calculated plans for 2023, with many basic indicators reduced or only slightly increase compared to the implementation results in 2022.
Accordingly, in terms of the consolidation plan, Sonadezi aims to achieve a total revenue of VND 5,943.5 billion, and a profit after tax of VND 1,082.6 billion. In which, the parent company is expected to achieve a total revenue of 681.4 billion dong, with 457.7 billion dong as profit after tax. SNZ also plans to pay a cash dividend at the rate of 12% of the par value of outstanding shares, equivalent to VND 452 billion.
Sonadezi Chairwoman Do Thi Thu Hang and CEO Tran Thanh Hai talk to shareholders at the meeting
Regarding business and investment activities, SNZ’s top goal is to continue to manage and operate Bien Hoa 1 Industrial Park; to promote investment, land and factories for lease in Chau Duc Industrial Park; manage financial investments in companies. Notably, SNZ has a plan to study and develop Ninh Diem 3 Industrial Park (Khanh Hoa province).
In corporate governance and operation, SNZ leaders noted that they will focus on system administration and legal work, promoting human resource development and digital transformation. SNZ leaders also emphasized that tey would support customers through difficult times and continue to improve their responsibilities to the community and society.
The discussion at the SNZ General Meeting of Shareholders unanimously approved the business results and profit distribution plan in 2022, the business plan and the profit distribution plan in 2023, and at the same time, approved all reports and presentations at the meeting.
Speaking at the meeting, Mr. Vo Tan Duc – Vice Chairman of Dong Nai People’s Committee, representative of the state capital owner in Sonadezi recognized the efforts of Sonadezi’s leadership and staff and assessed that the Company has successfully completed the tasks assigned by the General Meeting of Shareholders in 2022.
Vice Chairman of Dong Nai Provincial People’s Committee Vo Tan Duc speaks at the meeting
Mr. Vo Tan Duc called for Sonadezi to complete the restructuring scheme for the period of 2021 – 2025; continue to research the market, harness new development potentials for the Corporation, as well as develop new projects inside and outside the province. At the same time, to be mindful of employees’ lives, prepare resources for the next stage of development; do well in digital transformation to improve management capacity, increase adaptability to technology trends of the country and the world.
