Mr. Nguyen Hong Le - Chairman of Hai Phong Funeral Service Joint Stock Company - received an income of more than 1.3 billion VND in 2024.
Business growth is good, the income of leaders of Hai Phong Funeral Service Joint Stock Company in 2024 is higher than the previous year - Photo: QUANG DINH
Double-digit revenue growth
Hai Phong Funeral Service Joint Stock Company, formerly known as Funeral Service Company Limited, is an enterprise converted from a 100% state-owned unit under the People's Committee of Hai Phong City.
To date, according to reports, this enterprise has 222 employees with 4 business locations (not including the headquarters).
According to the recently published 2024 annual report, Hai Phong Funeral Service still maintains a stable charter capital of 44 billion VND.
Of which, Hai Phong City People's Committee holds 64.5% of the capital contribution of Hai Phong Funeral Service, followed by Hoang Phat Construction Investment and Trading Company Limited with 10% and Mr. Nguyen Hong Le with 5.33%.
According to this report, sales and service revenue last year reached 151.6 billion VND, an increase of nearly 16% over the previous year.
However, business management costs increased compared to the same period last year, while income from financial activities also decreased. Therefore, after-tax profit reached nearly VND10.8 billion, an increase of only over 6%.
The management board of Hai Phong Funeral Service Company said they faced many big challenges last year, as competition among units in the same industry increased and some neighboring provinces and cities also invested in crematoriums.
"The unstable economic growth has affected the demand of city residents for funeral, cremation, and reburial services," the company's leader explained. However, the company's revenue last year still increased well with double digits and a dividend payout ratio of nearly 20%.
Good president comes from security
Business has grown, the income of leaders of Hai Phong Funeral Service Company in 2024 is also higher than the previous year.
According to the transparency in the audited financial report for 2024, Mr. Nguyen Hong Le - Chairman of the Board of Directors - received more than 1.31 billion VND, higher than the 1.23 billion VND in 2023.
Most other leaders such as Mr. Pham Xuan Thu - member of the board of directors and general director, Mr. Tran Van Phu - member of the board of directors and deputy general director, Mr. Vu Van Phong - member of the board of directors and deputy general director... all received better income than last year, ranging from 697 - 762 million VND...
Another interesting piece of information in the 2024 annual report is the leadership's career progression and advancement.
Like Mr. Nguyen Hong Le - the chairman born in 1969, started working at this enterprise in 1988 as a security guard. In 1992, Mr. Le moved from the security guard position to become an officer in the funeral department.
Having held many positions from officer to head of department, assistant to general director to deputy director, in 2010 Mr. Le started to hold the position of general director and from 2012 he took the position of chairman of the board of directors and general director. Then from 2016 to present, Mr. Le has held the position of chairman, the position of general director has been replaced by someone else.
In addition to Mr. Le, Mr. Tran Van Phu and Mr. Vu Van Phong - two deputy general directors of Hai Phong Funeral Service Joint Stock Company also came from security guards.
In which, Mr. Phu (born in 1976) currently has a bachelor's degree in economics and a bachelor's degree in law.
Mr. Phu initially worked at the company as a laborer in 1995. After that, he worked as a security guard for nearly 5 years from 1995 to 2000.
After many years of experience in various positions at the company, Mr. Phu is currently the deputy general director and member of the board of directors.
Source: https://tuoitre.vn/bat-ngo-cong-ty-mai-tang-doanh-thu-cao-chu-tich-nhan-tien-ti-20250313081340094.htm
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