Coteccons targets fiscal 2024 profit of VND 274 million

Coteccons also targets 2024 revenue of VND 17,793 billion, an increase of 2.6 times in compared with 2023.

The company will focus on repeat sales, improving quality standards and labor productivity, and investing in human resources development in the upcoming year.

In the first half of 2023, Coteccons recorded a net revenue of VND 6,749 billion, an increase of 30%. Profit after tax reached VND 52 billion, up 10 times compared to 2022. This marks a significant increase in profitability for the company, indicating its financial health and stability.

However, the company plans not to pay dividends to shareholders in 2023.

Previously, Coteccons issued more than 24.8 million bonus shares, with a total value of nearly VND 250 million. With a ratio of 3:1, shareholders holding three shares will receive one new share.

Since August 25, Mr. Chris Senekki has been appointed as Deputy General Director of Covestcons (a subsidiary of Coteccons), with the role of expanding the company’s business and subsidiaries into the international market.