Ben Thanh Services Company (BSC) aims to increase profits by 10%.

Benthanh Services Joint Stock Company (BTSC, HNX: BSC), a member of Benthanh Group, has just announced the documents for its 2025 annual general meeting of shareholders, setting a revenue target of over 19 billion VND, a 45% increase compared to the 2024 results.

Benthanh Services Joint Stock Company (BTSC, HNX: BSC), a member of Benthanh Group, has just announced the documents for its 2025 annual general meeting of shareholders, setting a revenue target of over 19 billion VND, a 45% increase compared to the 2024 results.

Specifically, in 2025, Ben Thanh Services Joint Stock Company aims for revenue of over 19 billion VND, a 45% increase compared to 2024. Pre-tax profit is expected to reach over 3 billion VND, a 10% increase compared to the previous year.

This plan was introduced in the context of a projected decline in profits in 2024, despite strong revenue growth. Specifically, revenue in 2024 reached over 11 billion VND, a 45% increase compared to 2023, but net profit decreased by nearly 19%, reaching only about 2.2 billion VND.

The main reasons are a decrease in financial revenue (due to lower deposit interest rates) and an increase in financial expenses due to provisions for the Vinh Loc - Ben Thanh project.

In 2024, BSC's revenue grew strongly, but net profit decreased due to increased financial costs.

To achieve its 2025 goals, BSC focuses on maximizing the utilization of the market stalls and spaces it currently manages. Simultaneously, the company is expanding its service offerings, including: industrial cleaning; installation, operation, and cleaning of solar power systems; air conditioning maintenance; consulting, renovation, and construction; and installation and maintenance of CCTV systems.

Furthermore, BSC continues to seek partners with the necessary capabilities and experience to align with the company's development direction. The company will also strengthen financial management, restructure costs rationally, and utilize capital efficiently.

Specifically, BSC will support the management board of Vinh Loc Ben Thanh Services Joint Stock Company in accelerating the completion of the Vinh Loc Wedding Restaurant - Conference Center project, aiming to put it into operation and business as soon as possible.

Regarding executive compensation and dividends, BSC plans to propose to the General Meeting of Shareholders an annual compensation of VND 492 million for members of the Board of Directors and Supervisory Board. Of this, the Board of Directors' compensation will remain at VND 360 million per year; the Supervisory Board's compensation will increase slightly to VND 132 million per year (compared to VND 124 million in 2024).

Currently, the BSC leadership team consists of 9 people, including 6 members of the Board of Directors (including Chairman Le Van Hung) and 3 members of the Supervisory Board.

Regarding dividends, BSC proposes a payout rate of 10% for 2024, equivalent to over 3.1 billion VND. For 2025, the company expects a dividend rate of 5%.

Ben Thanh Services Joint Stock Company, formerly Ben Thanh Trading and Services Company, was established in 2003. The company primarily operates in the following areas: trading in household goods, food, forestry products, seafood, and handicrafts; trading in machinery, equipment, spare parts, and supplies for the agricultural and industrial sectors; chemicals and construction materials; and providing transportation services.

BSC is currently a member of Benthanh Group (Benthanh Corporation). Notably, Benthanh Group is also the largest shareholder of Benthanh Trading and Service Joint Stock Company (BTT), the entity that manages Benthanh Market in Ho Chi Minh City.

Source: https://baodautu.vn/cong-ty-dich-vu-ben-thanh-bsc-dat-muc-tieu-tang-10-loi-nhuan-d249669.html