Some listed companies have released business plans for 2024 with lower targets than last year. For example, Binh Son Refining and Petrochemical Joint Stock Company (stock code BSR) announced that it expects to set a target of total consolidated revenue of VND95,274 billion, after-tax profit of VND1,148.2 billion and pay the state budget more than VND10,597 billion. The target is to produce more than 5.27 million tons of various products and sell more than 5.66 million tons of finished products.
Compared to the recently adjusted 2023 business plan, BSR's revenue target this year is down 34% and after-tax profit is down more than 76%. The company said that this year it will focus its resources on performing the fifth general maintenance of the Dung Quat oil refinery - one of the two main oil refineries in Vietnam. This event is expected to take place from March to April. This is also part of the reason why the oil refinery enterprise has set a plan to go backwards. In addition, BSR also tends to set low business targets at the beginning of the year, then depending on the business situation, it will change near the end of the year.
Binh Son Refining and Petrochemical Company plans to have a business downturn this year.
Or Ca Mau Petroleum Fertilizer Joint Stock Company (stock code DCM) also announced a business plan going backwards with expected consolidated revenue of VND 11,878 billion, pre-tax profit of more than VND 839 billion, down 12% and 18% respectively compared to the estimate in 2023. At the same time, the profit target in 2024 is also the lowest level since 2021. At the investor meeting in November 2023, the company's board of directors expected urea prices in 2024 to be higher than the same period due to export restrictions from China and other countries. However, price competition in Cambodia is a risk to the company's average urea selling price...
Similarly, SMC Investment and Trading Joint Stock Company (stock code SMC) announced its 2024 plan with a target of after-tax profit of VND 80 billion, down 47% compared to the 2023 plan.
Meanwhile, Vietnam National Shipping Lines (stock code MVN) targets revenue of VND17,742 billion, down 1% from the 2023 estimate, with the expectation that the seaport sector will grow while maritime transport will face more challenges due to continued oversupply of ships. However, the company expects this year's profit to increase by 4% from the 2023 estimate to VND2,169 billion thanks to the liquidation of old, fully depreciated ships....
Source link
Comment (0)