Both revenue and profit targets have been revised down. However, the 2024 dividend rate remains unchanged at 18%. The majority of the port's shares are owned by Anh Vy Trading Company and Chairman Lam Anh Vy.
Both revenue and profit targets have been revised down. However, the 2024 dividend rate remains unchanged at 18%. The majority of the port's shares are owned by Anh Vy Trading Company and Chairman Lam Anh Vy.
The Board of Directors of Thi Nai Port Joint Stock Company (code TNP, UPCoM floor) has just decided to adjust business targets for 2024.
Accordingly, the company agreed to adjust the 2024 business plan targets with the port throughput decreasing by 31.58%, from 1.9 million tons to 1.3 million tons. Total revenue is estimated at 68 billion VND, equivalent to a 20% decrease compared to the old plan of 85 billion VND. Pre-tax profit decreased by 41.67%, from 24 billion VND adjusted to 14 billion VND. Meanwhile, the dividend rate in 2024 remains unchanged at 18%.
The company said that Vietnam's economy in 2024 has gone more than half way in the context of the world economy gradually recovering but still unstable, facing many risks and uncertainties. Specifically, the prices of gasoline, raw materials, transportation costs and world gold prices fluctuated strongly, creating pressure on inflation and global growth. Persistent geopolitical tensions could escalate to dangerous levels, the Red Sea issue, high debt levels and the instability of economies have negatively impacted the global trade model.
Faced with the above difficulties, the volume of goods passing through Thi Nai Port in the first 9 months of the year decreased significantly compared to the same period last year. In addition, it is planned that in the fourth quarter, this port will be dredged, so the volume of goods in the last months of the year will decrease, directly affecting revenue and business efficiency in the year.
Last July, the company received a dispatch from the People's Committee of Binh Dinh province regarding the policy of terminating the project of the Thi Nai Port Warehouse Service Center and the seafood processing area on the new National Highway 19 (in Phuoc Loc commune, Tuy Phuoc district). Therefore, all expenses incurred by this enterprise from 2017 to present with an amount of nearly 3.58 billion VND will be accounted for in 2024 expenses, thereby directly affecting the annual profit.
Thi Nai Port operates in the field of cargo handling, direct support services for waterway transport..., port exploitation in Quy Nhon city - considered the gateway to the East Sea of the provinces of Southern Laos and Northeastern Cambodia. The port is small in scale with a channel to the port of only 6km, depth -11m, highest draft of 9m and is only capable of receiving ships with a maximum tonnage of 15,000 DWT. The company's exploitation services mainly meet the demand for domestic ships. In Binh Dinh province alone, the two other ports in operation are Quy Nhon Port and Tan Cang Mien Trung.
Formerly a state-owned enterprise under the Binh Dinh Department of Transport, Thi Nai Port was established on the basis of separation from an internal accounting unit of Binh Dinh Import-Export Shipping Company. However, after becoming a joint stock company in 2010 and divesting state capital in 2014, most of Thi Nai Port's shares are now privately owned.
The two largest shareholders are Anh Vy Trading Company Limited, which owns 75.34% of the capital, and Ms. Lam Anh Vy, which owns 5.62% of the capital. Ms. Lam Anh Vy is also the Chairwoman of the Board of Directors of the company, along with Ms. Dong Thi Anh (biological mother), who holds the position of Vice Chairwoman, and Mr. Lam Dinh An (biological father).
The company currently has a charter capital of 71 billion VND. The parent company, Anh Vy Trading Company Limited, also has a charter capital of only 80 billion VND. In September 2024, the company spent nearly 18 billion VND to pay dividends for 2023 at a rate of 25%/share (1 share receives 2,500 VND). The parent company earned nearly 13.4 billion VND.
Regarding business performance, Thi Nai Port only announced annual business results, so it has not yet announced any financial reports for 2024. In 2023, the company recorded VND 71 billion in net revenue, down 9.5% compared to the previous year. Profit after tax decreased by 10% to VND 16.9 billion.
Source: https://baodautu.vn/cang-thi-nai-giam-toi-42-ke-hoach-loi-nhuan-nam-2024-d230681.html
![[Photo] Prime Minister Pham Minh Chinh chairs Government Conference with localities on economic growth](https://vstatic.vietnam.vn/vietnam/resource/IMAGE/2025/2/21/f34583484f2643a2a2b72168a0d64baa)
Comment (0)