Ben Thanh Service Joint Stock Company (BTSC, HNX: BSC), a member of Benthanh Group, has just announced documents for the 2025 Annual General Meeting of Shareholders with a revenue target of more than VND 19 billion, an increase of 45% compared to the 2024 results.
Ben Thanh Service Company (BSC) aims to increase profit by 10%
Ben Thanh Service Joint Stock Company (BTSC, HNX: BSC), a member of Benthanh Group, has just announced documents for the 2025 Annual General Meeting of Shareholders with a revenue target of more than VND 19 billion, an increase of 45% compared to the 2024 results.
Specifically, in 2025, Ben Thanh Service JSC sets a revenue target of more than VND 19 billion in 2025, an increase of 45% compared to the results achieved in 2024. Pre-tax profit is expected to reach more than VND 3 billion, an increase of 10% compared to the previous year.
This plan was made in the context of 2024 recording a decline in profits despite strong revenue growth. Of which, revenue in 2024 reached more than 11 billion VND, an increase of 45% compared to 2023, but net profit decreased by nearly 19%, reaching only about 2.2 billion VND.
The main reason is due to the decrease in financial revenue (decreased deposit interest rates) and increased financial expenses due to provisions for the Vinh Loc - Ben Thanh project.
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| In 2024, BSC's revenue grew strongly, but net profit decreased due to increased financial costs. |
To achieve the 2025 target, BSC focuses on maximizing the use of premises and market stalls that the company is managing. At the same time, the company promotes service sectors such as: Industrial cleaning; solar power system installation, solar panel operation and cleaning; air conditioner maintenance; consulting, renovation, construction; installation and maintenance of surveillance camera systems.
In addition, BSC continues to seek capable and experienced partners who are in line with the company's development orientation. The company will also strengthen financial management, reasonable cost structure and effective capital use.
In particular, BSC will support the management board of Vinh Loc Ben Thanh Service JSC to speed up the completion of the Vinh Loc Wedding Restaurant - Conference Center project, in order to put it into operation and business as soon as possible.
Regarding executive remuneration and dividends, BSC plans to submit to the General Meeting of Shareholders for approval a remuneration of VND 492 million/year for members of the Board of Directors and the Supervisory Board. Of which, the remuneration of the Board of Directors remains at VND 360 million/year; The remuneration of the Supervisory Board increases slightly to VND 132 million/year (compared to VND 124 million in 2024).
Currently, BSC's board of directors consists of 9 people, including 6 members of the Board of Directors (including Chairman of the Board of Directors Le Van Hung) and 3 members of the Board of Supervisors.
Regarding dividends, BSC plans to pay 10% in 2024, equivalent to an actual payment of more than VND 3.1 billion. In 2025, the company plans to pay 5% in dividends.
Ben Thanh Service Joint Stock Company, formerly Ben Thanh Trading and Service Company, was established in 2003. The company operates mainly in the following fields: Buying and selling household goods, food, foodstuffs, forestry products, aquatic products, handicrafts; Buying and selling machinery, equipment, spare parts, industrial and agricultural supplies, chemicals, construction materials; Transportation services.
BSC is currently a member of Benthanh Group (Ben Thanh Corporation). Notably, Benthanh Group is also the largest shareholder of Ben Thanh Trading and Service Joint Stock Company (BTT), the unit holding the business rights at Ben Thanh Market, Ho Chi Minh City.
Source: https://baodautu.vn/cong-ty-dich-vu-ben-thanh-bsc-dat-muc-tieu-tang-10-loi-nhuan-d249669.html
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