Tien Giang Investment and Construction Joint Stock Company (TICCO, HOSE: THG) plans to achieve a record revenue of nearly VND2 trillion in 2025 and maintain a high dividend payout ratio of 40% for shareholders this year.
In 2025, THG plans to produce and operate with a record consolidated net revenue of VND1,976 billion and a profit after tax of VND160 billion (striving to achieve VND180 billion), up 6% and 13% respectively compared to 2024.
Tien Giang Investment and Construction Joint Stock Company (TICCO, HOSE: THG) plans to achieve a record high revenue of nearly VND2 trillion in 2025 and maintain a high dividend payout ratio of 40% for shareholders this year.
To achieve the goal, in the concrete sector, the Company will continue to research and invest in innovation to cope with increasingly fierce competition and unstable raw material prices. Study procedures to expand the TICCO Tan Phuoc concrete factory and study and carry out investment preparation for the 20ha concrete factory project.
In the real estate sector, complete the basic infrastructure and put into operation the Gia Thuan 2 industrial cluster project; continue to carry out procedures to expand the Gia Thuan 1 and 2 industrial cluster projects. Continue to sell Nguyen Trong Dan projects and D7 projects.
Continue work related to compensation for the Road No. 4 project and residential areas on both sides of the road; work related to bidding for projects that have been researched and interested in… with the orientation of industrial cluster and residential area projects.
The construction sector will strengthen the work of finding jobs for public investment projects, invest in more construction equipment and strive to increase revenue and profit.
The company also spent nearly 500 billion VND on investment this year, of which, the real estate sector is more than 385 billion VND, the concrete sector is nearly 94 billion VND, the remaining is construction items of more than 19 billion VND.
TICCO also plans to submit to shareholders for approval a 2024 dividend of 46%, with 30% in cash and 16% in shares. Of which, the Company has paid 2 cash dividends in advance with a total of 20%. In 2025, the expected dividend is 40%.
Notably, if shareholders approve the 40% dividend in 2025, this will be the 9th consecutive year that the Company has maintained a consistently high dividend rate of 40% or more, since 2017.
