(Kinhtedothi.vn) HVC Group's revenue reached VND 443 billion, 100% dividend was paid to shareholders

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Kinhtedothi - On April 26, in Hanoi, HVC Group (stock code HVH) held the Annual General Meeting of Shareholders in 2023, reported the results of production and business activities in 2022 and the plan to implement the production plan. business in 2023.

A representative of HVC Investment and Technology Joint Stock Company (HVC Group) said that in 2022, the business lines of HVC Group are associated with the real estate sector, but are also affected by high inflation and the market. bonds, securities, real estate such as raw materials increase, management costs are high, debt recovery is difficult, market expansion is the same...

However, with the experience of overcoming difficulties, the business has stabilized the situation, creating many bright spots in the field of electromechanical general contractors and entertainment equipment general contractors.

Actual revenue in 2022 reached VND 443 billion, increased by 15%, after-tax profit reached VND 22 billion, reaching 71%, paying dividends to shareholders 10%, reaching 100% of the plan, the life of employees Stable employees, better benefits in 2021, creating a firm belief for HVC Group's medium and long-term development journey.

“HVC Group continues to affirm its leading position in the high-end entertainment general contractor market by cooperating with major investors such as Vingroup, Sun Group, Apec Group, Thang Long Invest, Masterise Home…” – Member of the Board of Directors and General Director Le Van Cuong reported.

At the same time, HVC Group has completed and handed over many projects to the investor such as: Mini water park in Dai An urban area; Novaworld Phan Thiet Water Park; Son Tien Water Park; Swimming pool system at the projects of many reputable investors;...

In particular, 2022 marks a major turning point in the field of water music when HVC Group designs and completes phase 1 of the largest water music project in Southeast Asia at The Global City, which is evaluated by the owner Masterise Home. High. Completing the package of equipment supply and renovation of water music in Van Phuc City.

In 2022, HVC Group will continue to firmly consolidate its position of Top reputable and quality M&E contractors in Vietnam as the general contractor of M&E with major projects such as: Vinhomes Dream City, Vinhomes Dai An, The Horizon Bay Ha Long… Completed project of commercial center Danko City Thai Nguyen, Vinhomes Grand Park...

In addition, in 2022, HVC Group will continue to invest in new technologies for production and business and professional management activities. In addition, HVC Group completes and continues to prepare for investment opportunities in real estate projects in Hoa Binh, especially resort real estate.

Answering questions from shareholders when monitoring the growth of the company's outstanding loans from 2020 to 2022 from VND 65 billion to VND 94 billion, Chairman of the Board of Directors (term of 2018 - 2023) Tran Huu Dong shared, HVC As a contractor with the main revenue from Vingroup, in recent years, Vingroup investor has used the option of paying contractors in the form of factoring. That is, the investor commits to pay this loan to the bank.

“Thus, with the figure of 94 billion, HVC actually only borrowed 12 billion dong from the bank, the remaining 82 billion dong is factoring. That means the company's receivables will also be reduced by 82 billion dong, the financial indicators will certainly be much better than the audit report "- this information.

At the Annual General Meeting of Shareholders in 2023, shareholders approved the reports and proposals of the Board of Directors, the Board of Directors and the Supervisory Board. The General Meeting also conducted the election of the Board of Directors and Supervisory Board for the term of 2023 - 2028.