Specifically, VSH is expected to pass the AGM approving a revenue plan of nearly VND 1.97 trillion, a 24% decrease compared to the previous year. The target net profit after tax is over VND 505 billion, equivalent to about 50% of the actual performance in 2023.
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The 2024 plan of VSH
Source: VSH
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VSH is projected to produce and trade electricity of under 2.1 billion kWh, a 4% decrease compared to the previous year.
This plan is set when closing out 2023, VSH reflects a decline compared to the same period, due to unfavorable hydrological conditions. Experts forecast that the hydrological situation in the first half of 2024 will still be relatively difficult with the El Nino phase reaching its peak. This could be the basis for VSH’s more cautious targets for this year.
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Business results from 2020 and the 2024 plan of VSH
Source: VietstockFinance
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Regarding remuneration plan, VSH intends to pass a remuneration level for the Board of Directors and the Supervisory Board in 2024 of nearly VND 2.2 billion.
In addition, the Company’s Board of Directors plans to negotiate with banks to reduce loan interest rates and restructure loans for the Upper Kon Tum Project. However, there is currently no detailed proposal on the final adjusted investment amount and the final settlement with this hydropower project.
The 2024 Annual General Meeting of Shareholders of VSH is scheduled to be held at 8:00 am on April 4, 2024, at Dakke Mang Den Resort, Daklong, Konplong District, Kon Tum Province.
