On April 24, 2025, Industry and Trade Securities Company (HOSE: CTS) successfully held the 2025 Annual General Meeting of Shareholders in the context of the Company's 25th anniversary. The meeting approved many important contents, notably the plan to issue shares to pay dividends from the Company's undistributed after-tax profits until the end of 2024 with an issuance rate of 43%.
Strong internal resources create sustainable growth momentum
In 2024, Industrial and Commercial Securities has promoted the spirit of solidarity, made continuous efforts in implementing business activities, flexibly adapted to the volatile stock market context, and closely followed the strategic direction of sustainable development. Thanks to that, the business performance indicators of Industrial and Commercial Securities in 2024 have grown positively.
In 2024, Industry and Trade Securities Company recorded operating revenue of VND 1,032.2 billion, profit after tax increased by 23.31% to VND 231.1 billion compared to 2023. The company still maintains its growth momentum with stable financial efficiency, safe capital foundation and flexible investment strategy. In addition to maintaining and promoting the efficiency of core operations, Industry and Trade Securities also actively promotes cross-selling strategy, maximizing the advantages of VietinBank ecosystem, contributing to increasing revenue, expanding customer base and improving service quality.
Reaching out in the new era
In line with the country's aspirations to rise in the new era, Industry and Trade Securities enters 2025 with the spirit of proactive adaptation, opening up opportunities and steadfastly creating success for Shareholders and Partners. The company focuses resources on expanding cooperation, promoting digital transformation, improving labor productivity and product and service quality.
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| Overview of the 2025 Annual General Meeting of Shareholders |
At the meeting, shareholders approved the 2025 business plan with a pre-tax profit target of VND297.4 billion and an expected dividend rate of 9%. Notably, the meeting also agreed on the plan to issue shares to pay dividends at a rate of 43%, using the Company's undistributed after-tax profits until the end of 2024.
In addition to the voting contents, the Board of Directors of Industry and Trade Securities provided information, discussed and fully answered shareholders' questions related to the business results of the first quarter of 2025; commented on fluctuations in the domestic and international stock markets, the impact of macroeconomic policies, interest rates, investment capital flows and investor sentiment in 2025. At the same time, shared plans to flexibly adapt to market trends, promote digital transformation, apply technology in operations and improve analysis and investment consulting capacity.
New Element in the Board of Directors
The Congress approved the dismissal of Mr. Dang Anh Hao - Member of the Board of Directors and Ms. Pham Thi Huyen Trang - Independent Member of the Board of Directors. At the same time, the Congress elected Ms. Bui Thi Thanh Thuy to hold the position of Member of the Board of Directors and Mr. Pham Viet Hung to hold the position of Independent Member of the Board of Directors of the Company.
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| Ms. Bui Thi Thanh Thuy - Member of the Board of Directors and Mr. Pham Viet Hung - Independent Member of the Board of Directors of Vietnam Joint Stock Commercial Bank for Industry and Trade Securities Company |
Ms. Bui Thi Thanh Thuy was born in 1980, with a Master's degree in Banking and Finance. She has more than 22 years of experience working at the Vietnam Joint Stock Commercial Bank for Industry and Trade. Before being appointed as a member of the Board of Directors of Industrial and Commercial Securities, she held many important positions at VietinBank such as: Head of Credit Risk Management, Investment and Member of the Board of Directors of VietinBank Laos; Deputy Head of Compliance Management; Deputy Head of Credit Policy and Investment;...
Mr. Pham Viet Hung was born in 1983, with a Master's degree in Business Administration. He has nearly 20 years of experience in the field of Finance - Banking. Before being elected by the General Meeting of Shareholders to the position of Independent Member of the Board of Directors of Industrial and Commercial Securities, he held many important positions such as: Deputy General Director of GPBank; Head of GPBank Personal Customer Department; Deputy Head of Credit Team - GPBank Special Control Board (State Bank); Head of Appraisal Team - VietinBank Credit Approval Department;...
| The approval of important contents at the Congress and the completion of the Board of Directors' personnel structure opens up expectations for new changes at the Industry and Trade Securities, contributing to promoting governance innovation, strengthening competitiveness and increasing the mark on the securities and financial markets on the occasion of the Company's 25th anniversary. |
Source: https://congthuong.vn/cts-chia-co-tuc-bang-co-phieu-ty-le-43-dat-muc-tieu-lai-297-ty-nam-2025-384678.html
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