Biwase strives for total revenue of 4,760 billion VND

Reporting at the congress, Mr. Nguyen Van Thien, Chairman of the Board of Directors of Biwase, said that in 2024, the Vietnamese economy will face many difficulties and challenges both internally and externally. However, the Board of Directors has proactively found timely solutions to overcome the difficulties. Although profits have not reached expectations due to the main reason being fluctuations in the USD exchange rate, most of the production and business plans and targets have been basically completed.

Mr. Nguyen Van Thien, Chairman of Biwase Board of Directors, spoke at the congress

Based on its core competencies, combining solutions for operating production and business activities, expanding investment in enterprises in the same industry, with determination and great efforts, most of the targets were completed and exceeded the resolution of the 2024 annual meeting. As a result, total revenue reached 4,387 billion VND, profit after tax reached 568 billion VND, water revenue reached 2,562 billion VND, water loss rate was 4.8%...

Mr. Tran Chien Cong, General Director of Biwase reported on production and business results in 2024 and directions and tasks for 2025.

Overview of Biwase Annual General Meeting of Shareholders 2025

Shareholders and investors have asked many questions regarding Biwase's development and investment plans.

Notably, in 2024, Biwase Long An successfully issued a bond lot worth 700 billion VND with a fixed interest rate of 5.5%/year, the best interest rate in the current bond capital market. With the achieved results, Biwase continues to be honored with awards such as: "Enterprise with typical M&A deals in 2023 - 2024" Award, Forbes Magazine (USA) honored "Top 50 best listed companies in Vietnam 2024", this is the 5th consecutive year that Biwase is the only company representing the Vietnamese water industry to be honored thanks to maintaining stable and sustainable growth...

The congress approved the production and business plan. Accordingly, in 2025, Biwase set a target of total revenue of VND 4,760 billion, commercial water output of 220 million m3, striving to increase more than 20,000 connected customers, water loss rate below 4.8%, dividend of 12% -13% of charter capital....

Minh Duy

Source: https://baobinhduong.vn/biwase-phan-dau-tong-doanh-thu-dat-4-760-ty-dong-a344136.html