Resiliencecreates values
At the meeting, Dat Phuong reported impressive operating figures for 2022. The net revenue reached VND 3.319 billion, marking a 30% increase compared to the previous year, while the after-tax profit exceeded VND 519 billion, reflecting an 18% rise from 2021. The construction and energy sectors contributed 70% and 19,8% of the revenue respectively. Notably, Hydropower emerged as the key contributor to the group's substantial gross profit.
After more than a year of transitioning to a new management model, the group's ecosystem has been systematically developed, establishing strong connections. The new brand identity is gradually making an impression on customers and partners, positioning the business as one known for its quality, uniqueness, and sophistication, while continuously striving to create sustainable value.
In 2023, the economy is predicted to face numerous challenges, both domestically and internationally. Dat Phuong has identified Construction and Energy as its key focus areas. The group aims to achieve a consolidated net revenue of VND 3.436,12 billion, representing a 103,5% increase compared to 2022.
The Construction sector will enhance its development activities, expand its market presence, and prioritize cash flow management. The parent company plays a vital role in formulating strategies and allocating resources, aiming for a net revenue of VND 2.816,73 billion, which represents a growth of over 121% compared to 2022. The subsidiary companies will execute their strategies and leverage their autonomy to ensure quality, aesthetics, and timely progress. This will contribute to the development of the Dat Phuong brand while helping the group achieve its overall revenue targets.
The energy sector will utilize its operational experience and forecasting tasks to maintain flexibility in its activities and improve production efficiency, with projected revenue expected to reach VND 568,32 billion in 2023.
Despite the ongoing challenges in the real estate market, Dat Phuong prepared to introduce products that align with the anticipated recovery of the market. The company will continue to engage in stable investment activities focused on infrastructure development in the Con Tien urban area while also pursuing potential projects in urban and industrial real estate.
Dat Phuong will also concentrate on establishing a brand for a chain of eco-lifestyle hotels that adhere to international standards. With a vision to create unique destinations featuring distinctive architectural designs within natural green spaces, they aim to offer exceptional service experiences while contributing to the growth of the tourism economy. The first hotel is expected to begin operations in the fourth quarter of 2024.
In 2023, numerous challenges still persist, including global political instability, climate change, a highly competitive market economy, and increasing risks across various sectors. Despite these difficulties, shareholders continue to have faith in the plans presented by the Board of Directors regarding key matters that fall under the authority of the General Assembly. This trust will serve as a strong motivator for the Board of Directors, the Dat Phuong Group, and its subsidiaries to work together and proactively adapt their management strategies. By doing so, they can navigate through challenging times, achieve their ambitious goals for 2024, and create greater value for customers, partners, shareholders, businesses, and society.
