(ĐTCK) Annual General Meeting of Shareholders of HVC Investment and Technology (HVH): Targets 57% profit growth in 2021

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(ĐTCK) HVC Investment and Technology Joint Stock Company (HVC Group, stock code HVH - HOSE) held its 2021 Annual General Meeting of Shareholders on June 19 at Vuon Vua Resort & Villas in Phu Tho.

Mr. Tran Huu Dong, Chairman of the Board of Directors of HVC, stated at the meeting that in 2020, the business was impacted by the Covid-19 pandemic, as well as business situations such as construction site shutdown for several days due to the implementation of social distancing. Many contracts have been delayed in society, but businesses have achieved quite positive results.

HVC achieved 405.24 billion dong in consolidated revenue and 23.73 billion dong in after-tax profit in 2020, corresponding to 78% and 74.1% of the set plan, respectively, but the management shared that the scale of operation did not shrink in general, and the factory sites continued to operate stably.

During the year, the company completed and handed over large projects in the entertainment and general contractor sectors, such as Thanh Long Water Park (An Giang), Mikazuki Da Nang Water Park, and Vinpearl Land Phu Quoc Water Park expansion. Simultaneously, HVC expands its collaboration with a number of new partners, including Madison Land, ThangLong Invest Group, Sunshine Group, Apec Group, and others.

In the field of M&E general contractor, HVC Group has consistently signed many contracts with various types of M&E infrastructure, M&E of high-rise buildings, M&E of tunnels, and M&E of commercial centers. Typical projects for the year include Vinhomes Smart City Tay Mo Dai Mo, Van Canh – An Lac Urban Area, My An Hotel (Hue), and Vinhomes Grand Park (HCMC)...

With the foundation established in 2020, HVC sets a business target of VND 466 billion in revenue and VND 37.2 billion in profit after tax for 2021, representing a 15% and 57% increase over implementation. The dividend will be paid at a 10% rate in 2020.

All of the proposals were approved unanimously by the General Meeting, and Ms. Pham Thi Thao was elected to the Supervisory Board after Ms. Nguyen Thi Hoa's resignation letter was approved.