On May 7, An Tien Industries (Ticker Symbol: HII) successfully held the Annual General Shareholders’ Meeting 2024. Accordingly, the General Shareholders’ Meeting approved target revenue of 6,900 billion VND, profit after tax of 93 billion VND, along with many other critical issues.
In 2023, An Tien Industries recorded positive business results, successfully completing the goals set by the General Shareholders’ Meeting, in the context of the global economy facing many difficulties, causing a significant impact on businesses. Vietnam plastic industry.
Accordingly, last year, An Tien Industries recorded consolidated net revenue of VND 7,882 billion, exceeding 31% of the plan. Specifically, revenue from the plastic resin trading segment reached VND 6,875 billion, accounting for 87% of consolidated net revenue. The stone powder and plastic additives production segment recorded revenue of 773 billion VND, an increase of 7% compared to 2022. The service segment recorded revenue of 232 billion VND, a decrease of 58% compared to the same period in 2022 due to transportation prices in 2023 decreasing compared to 2022.
The company recorded a profit after tax of VND 80 billion, a sharp increase from a loss of VND 143 billion in 2022 and completed 167% of the plan.
Regarding the production and business plan for 2024, the General Shareholders’ Meeting approved target revenue of 6,900 billion VND, profit after tax of 93 billion VND.
In the coming time, An Tien Industries will continue to promote its strengths and enhance its position in all areas of operation.
Regarding business activities, the company will increase sales output to 150,000 tons, prioritize the development of high quality engineering plastic compounds and compounds for the production of environmentally friendly plastic products, and expand the market. export business market, maintaining a stable profit margin in the commercial segment, optimizing customer and market structure, maintaining effective inventory.
Regarding production, the company will continue to invest in Research and Development of new products, deploy initiatives and improvements in production to improve labor productivity, optimize system operation, and Use raw materials effectively.
Regarding management, in the coming time, An Tien Industries will continue to improve the risk management system, ensure financial safety, and perform well internal control through compliance monitoring activities. with departments and factories to ensure activities are carried out effectively.
Thanks to effective business strategies and flexible policies, in the first quarter of 2024, An Tien Industries recorded consolidated revenue of 1,657 billion VND, profit after tax of 31 billion VND, an increase of 12% and 77% respectively compared to the fourth quarter of 2023. With this result, the Company completed 24% of the revenue plan and 33% of the profit plan.
