Resiliencecreates values
On 27 April 2024 in Hanoi, Dat Phuong Group successfully held its 2024 Annual General Meeting of Shareholders.
In line with its sustainable development strategy and a commitment to solid progress, Dat Phuong has set a consolidated net revenue target of VND 4.566,2 billion, which represents an increase of 32,3% compared to 2023. The group also aims for a consolidated pre-tax profit target of VND 379,1 billion, showing a year-on-year of 19,5%.
Since transitioning to a group model with a diverse and focused ecosystem, Dat Phuong has concentrated on its three core pillars; construction, energy, and real estate. The company has also introduced new segments including hospitality, resort services and glass manufacturing. This model has proven to be effective.
The parent company plays a crucial role in developing strategy, planning resources, and establishing revenue targets to achieve VND 4.084,5 billion in net revenue, representing an increase of 38,8% compared to 2023. Meanwhile, the subsidiary companies operate independently to optimize resources and ensure efficient operations while also integrating the entire group's resources. They are also responsible for implementing the strategy and have significant opportunities to drive proactive growth based on their strengths.
The Construction sector continues to take the leading role, with a net revenue target of VND 3.827,2 billion, accounting for over 83,82% of the consolidated net revenue. Dat Phuong consistently adheres the principle of ensuring business efficiency and financial security. The group is committed to pursuing and participating in bidding for projects funded by government capital allocation to successfully achieve its planned goals.
In the Energy sector, Dat Phuong faces challenges such as complex weather conditions, hydrological patterns and the increasingly unpredictable impacts of climate change. To tackle these issues, Dat Phuong will enhance its management efforts to ensure stable operations of its power plants and achieve a net revenue target of VND 499,69 billion.
Recognizing that the real estate market has not yet shown signs of recovery, Dat Phuong has prioritized the implementation of work at the Con Tien urban area project. The company will also continue to strengthen the partnership with Hilton International Group to invest in the construction of the 5-star Casamia Hoi An hotel, which is scheduled to begin operations in 2026. Additionally, Dat Phuong is conducting research and seeking investment opportunities in industrial park real estate projects, aiming for a target net revenue of VND 239,3 billion in this sector.
The legal procedures for establishing a business in the ultra-white glass manufacturing sector in Thua Thien Hue have been completed. The group will continue to expedite investment procedures to meet the construction schedule set for the first quarter of 2025.
