The Thuy Dien Que Phong Joint Stock Company (stock code: QPH) has just issued a written ballot for shareholders regarding the supplementary cash dividend payment for fiscal year 2025.
As proposed by the Board of Directors, the company plans to distribute post-tax profits up to June 30, 2025, with a ratio of 100%, equivalent to VND 10,000 per share. The total estimated payout is VND 185.8 billion. The record date and payment date will be announced by the Board of Directors at a later time.
Previously, Thuy Dien Que Phong Joint Stock Company announced a cash dividend payout for fiscal year 2024 of up to 40% (VND 4,000 per share) – the highest in the company’s operating history, doubling the consistent rate of 20% over the past eight years. QPH disbursed more than VND 75 billion in 2024 dividends.
As of the end of 2024, QPH had two major shareholders: its parent company – Trung Son Corporation, holding 85.52% of the shares, and Mr. Le Thai Hung, a member of the Board of Directors and General Director, holding 7.18%.
According to the semi-annual financial statements for the first half of 2025, Thuy Dien Que Phong recorded revenue of VND 55.6 billion, an increase of nearly 15% compared to the same period last year. Post-tax profits reached VND 33.5 billion, a 5% increase from the previous year. QPH has accomplished nearly 44% of its revenue target and over 60% of its post-tax profit goal.
The Thuy Dien Que Phong Joint Stock Company was formerly known as the Ban Coc Hydropower Project Management Board under the Hanoi Construction Corporation.
In line with the diversification of ownership and production, the Hanoi Construction Corporation invited various economic components, both domestic and foreign-invested, to contribute capital to the project. As a result, the Thuy Dien Que Phong Joint Stock Company was established.
The company’s founding shareholders included the Hanoi Construction Corporation, the Buu Dien Finance Company, the CP Lap May Dien Nuoc va Xay Dung Company, the Bank for Investment and Development of Vietnam, the Lung Lo 2 Construction Company, the TNHH Tu Van Thiet Ke Cong Nghe Hanoi Company, and the TNHH Hoang Long Company.
The company’s current chartered capital stands at VND 150 billion.
Thuy Dien Que Phong’s ongoing investments include the Ban Coc Hydropower Plant (18 MW capacity), the Sao Va Hydropower Plant (3 MW capacity), and the Nhan Hac Hydropower Plant (45 MW capacity), all located in Que Phong, Nghe An province.
The End of the Road for Big Oil?
The latest draft of the decree, number 7, paints a less optimistic picture than its predecessor. Vietcap Securities predicts a potential downward adjustment for the forecasted net profit for 2026.
“SMC Vows to Recover All Troubled Debt from Novaland Amid Operational Viability Concerns Raised by Auditors”
In March and April of 2025, SMC and the Novaland Group entered into several contracts and agreements for the purchase and sale of real estate. As a result, SMC recognized an increase in construction work-in-progress of VND 279 billion and made advance payments to sellers related to the long-term purchase/lease of real estate totaling VND 156 billion, offsetting the Group’s receivables from the Novaland Group.
The Elite Executive: Vietnam Airlines’ Top Talent Takes Off with a 25% Pay Rise
Amidst challenging times, Vietnam Airlines (HVN) soared high and recorded impressive profits in the first half of 2025, along with a decision to increase the total compensation package for its leadership team by 25%.
The End of Lump-Sum Tax: A New Era for Personal Taxation in Vietnam?
The proposed tax reform by the Ministry of Finance, which suggests a shift from a flat tax to a 17% profit-based tax for small and medium-sized enterprises from 1/1/2026, has sparked mixed reactions. While some view it as a positive step towards encouraging individual businesses to incorporate, others express concern over the potential burden of proving expenses, which may prove challenging for sole proprietors.
“Becamex IJC: Unveiling the Million-Square-Meter Land Bank and the Infrastructure Story Behind its Soaring Profits”
The southern real estate market is entering a new cycle, driven by Ho Chi Minh City’s urban expansion and infrastructure development. This shift is attracting increased attention from investors towards well-established businesses.
