IDC hosts its annual General Meeting of Shareholders (GMS) 2024 online on the morning of April 26. Screenshot
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Golden time for developing industrial zone (IZ) projects
Mr. Phan Van Chinh – Deputy General Director said that, in 2024, IDICO aims to lease 145 hectares of land in industrial zones (IZ), which is entirely new investment attraction area in 2024 and lease about 50,000m2 of factory. Besides, IDC focuses on completing legal procedures for the approval of Tan Phuoc 1 IZ (470 hectares in Tien Giang) to implement in 2024, creating momentum for the development period from 2025.
In addition, the IZ projects in Hai Phong, Ninh Binh, and other localities are also being urgently implemented by IDICO in terms of procedures and legal documents to create a land fund of more than 2,000 hectares for the coming years.
“2024 and 2025 are favorable times to seize the opportunity to develop IZ projects in potential locations. The advantage of IDC is that the IZ projects being researched for development in localities from 2025-2030 are following the planning of the provinces. In particular, on March 12, 2024, the Prime Minister issued a Decision adjusting some land use targets until 2025, the areas of the IZs being researched and proposed for investment by IDICO have all been supplemented with land use plans for the provinces,” said Mr. Chinh.
At the conference, IDC presents the shareholders with the business production plan with a total consolidated revenue of VND 8,466 billion and profit before tax of VND 2,502 billion, respectively increasing by 13% and 22% compared to 2023. The plan of total investment value VND 3,134 billion, is 2.4 times higher than in 2023.
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Maintain 2024 dividend at 40%
The Board of Directors of IDICO also proposed to the shareholders a profit distribution plan for 2023 with a dividend ratio of 40% in cash; in which, IDICO has made 2 interim payments with a total ratio of 35% (the amount disbursed is VND 1,155 billion), the remaining 5% (equivalent to nearly VND 165 billion) will be implemented in the near future.
For 2024, IDC plans to maintain the dividend payout ratio at 40%. If implemented, this will be the third consecutive year that IDC has a cash dividend at 40% for its shareholders (since 2022).
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