On September 29th, Lam Dong Minerals and Construction Materials JSC (HOSE: LBM) held an extraordinary shareholders’ meeting. During the meeting, several proposals were approved, including the revision of the 2025 business plan and dividend payout, as well as an increase in the offering price for the capital raise from existing shareholders.
At the meeting, LBM’s leadership highlighted that the period from 2026 to 2030 presents a significant opportunity as the country enters a peak phase of construction, with numerous national key projects, including highways and railways.
LBM has successfully bid for the mining rights of three stone and sand quarries earlier this year and plans to participate in auctions for three additional mines. Currently, the company is focusing on extracting resources from the Tay Dai Lao and N’Thol Ha quarries, located in the former Lam Dong province’s Duc Trong and Bao Loc districts. Additionally, LBM is collaborating on a stone processing mine investment in the former Ninh Thuan area to expand its supply sources.
LBM’s concrete production area in Da Lat City – Photo: LBM
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According to the latest annual report, LBM is the leading provider of fresh concrete in the former Lam Dong province and is actively expanding its operations to neighboring areas, while also developing its construction stone business.
In 2024, 85% of LBM’s revenue still came from concrete sales. In the first half of this year, the company recorded a 47% increase in revenue and a 66% rise in net profit compared to the same period last year. On the stock market, LBM shares have also seen impressive growth.
| LBM Shares Soar in 2025 |
During the extraordinary meeting on September 29th, in response to shareholder inquiries about the adjustment of the 2025 profit plan (consolidated revenue up 19% and consolidated pre-tax profit up 91% compared to the plan approved by the annual shareholders’ meeting), LBM’s leadership cited both internal and external factors.
Internally, LBM has been consistently well-prepared and has implemented changes in management policies, particularly in equipment depreciation. Strong profits also stem from the extraction of high-quality stone at competitive prices from the province’s largest quarry, Tay Dai Lao. The company’s transportation system is well-organized and coordinated across regions, ensuring it meets the demands of major projects.
LBM’s internal foundation is further supported by the government’s accelerated public investment disbursement and increasingly transparent administrative procedures. Additionally, project owners and other customers are placing greater emphasis on product quality, aligning with the company’s preparedness.
– 11:02 30/09/2025
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