Mien Tay Bus Station plans business with record goals

If it completes the after-tax profit target of more than 77 billion VND in 2025, Mien Tay Bus Station will continue to break the record for the highest profit in history after only one year.

Western Bus Station Joint Stock Company (HNX: WCS) has just submitted its 2024 annual report to the State Securities Commission and Hanoi Stock Exchange (HNX), and announced its business plan for 2025 with growth targets in key indicators.

Specifically, the company expects the number of vehicles departing the station to reach more than 488,000, revenue of nearly 177 billion VND and profit after tax to exceed 77 billion VND, corresponding to increases of 1.12% and 2.1% respectively compared to the previous year. Although the growth rate is not too sudden, the profit of 77 billion VND, if achieved, will be the highest number in the history of the business.

In 2025, Mien Tay Bus Station plans to make a profit of more than 77 billion VND.

To realize this goal, Mien Tay Bus Station will focus on optimizing the arrangement of functional zones at the station, ensuring rationality and science, while enhancing added value and convenience for customers. These solutions aim to balance operational efficiency and service quality, contributing to maintaining competitive advantage.

In fiscal year 2024, Mien Tay Bus Station recorded revenue of more than 158 billion VND, an increase of 13% compared to 2023 thanks to attracting more transport businesses and expanding approved routes.

At the same time, the company also adjusted the vehicle schedule during peak holidays and Tet and increased the price of parking and shuttle services. As a result, after-tax profit reached 75 billion VND, the highest level in the company's history, up 14% compared to the previous year and exceeding the plan by 10%.

In 2024, the Company implemented financial investment and construction activities with many important projects to optimize business efficiency and improve infrastructure. Regarding finance, the Company deposited savings at banks with flexible and suitable methods, helping to achieve the highest efficiency, bringing in interest of up to 10.63 billion VND.

In addition, the Company also stepped up investment in construction by implementing and putting into use 3 projects and 7 works. Specifically, a number of important items have been completed, including the project of replacing the corrugated iron roof and maintaining the steel truss frame of the passenger drop-off area, which was accepted and put into use on March 25, 2024. Next, the project of installing a canopy for the exit gate (gate 3) was also completed and officially put into operation on April 15, 2024.

In particular, the automobile transport management and operation system, a step forward in management, has been accepted and deployed since July 1, 2024. In addition, the project to remake the Company's signboard at Gate No. 2 has also been completed and put into use since January 15, 2024...

These investments not only help optimize operations but also contribute to improving service quality, creating a solid foundation for the Company's sustainable development in the future.

On the stock market, at the end of the session on March 13, WCS shares increased by 4.72% to VND 418,900/share, with a matched volume of 304 units. Notably, WCS shares opened 2025 at VND 270,000/share and have now increased by 55.15%, equivalent to VND 148,900/share. Currently, the market capitalization of Mien Tay Bus Station is over VND 1,047 billion.

Source: https://baodautu.vn/ben-xe-mien-tay-len-ke-hoach-kinh-doanh-voi-muc-tieu-ky-luc-d253776.html