Industrial Urban Development No. 2 wants to pay dividends in 2023 at a rate of 87%
Industrial Urban Development Joint Stock Company No. 2 (code D2D - HoSE) announced the documents of the 2024 General Meeting of Shareholders, the meeting is scheduled to be held on April 15.
Ambitious plan for 2024
In 2024, Industrial Urban Development Company No. 2 plans revenue of 369,02 billion VND, an increase of 73,7% over the same period, expected profit after tax of 44,5 billion VND, an increase of 72,8% over the same period. 315,61% over the same period and total expected investment value of 159,6 billion VND, an increase of 2023% compared to disbursement in XNUMX.
Regarding business plans and market prospects, Industrial Urban Development Company No. 2 commented that by 2024 the real estate market will be very developed. Vietnam is attracting investors because of favorable macroeconomic factors such as a young population, key transportation projects that are continuously being implemented... helping the Company have more investment and business opportunities. This year is also the year that Industrial Urban Development Company No. 2 continues to implement the restructuring project of Sonadezi Corporation to orient its operations and further develop the Company.
In its medium and long-term development strategy, Industrial Urban Development Company No. 2 will continue to invest in real estate, invest in infrastructure development of new urban areas, especially Ho Chi Minh City. . Bien Hoa contributes to solving problems of housing, urban development and traffic.
In addition, Industrial Urban Development Company No. 2 will be interested in investing in social housing projects to serve workers in industrial parks and will consider applying for investment in housing projects for workers. Workers can feel secure in developing production and business. The average annual growth rate is 5% and the dividend rate is 30%/year (minimum 10% in cases of charter capital increase).
Additionally, regarding the plan to deploy projects in 2024, Industrial Urban Development Company No. 2 plans to deploy a series of additional investments.
At the Nhon Trach 2 Industrial Park project, the Company plans to invest an additional VND 87,4 billion in 2024, mainly maintaining green trees, maintaining stormwater and wastewater drainage, and investing in public housing. core…; For the Long Thanh Market project, the expected investment value is 5 billion VND in 2024; Loc An Residential Area project is expected to invest an additional 68,1 billion VND.
Loc An Social Housing Project (4 blocks of 10 floors), in 2024, the Company plans to invest 78,2 billion VND; Thong Nhat ward residential project is expected to invest 29,7 billion VND.
For the Chau Duc Industrial Park project and Chau Duc Factory project, in 2024, the Company continues to carry out marketing and finding customers to sublease land and lease factories; For the project of 54 townhouses in Sonadezi Huu Phuoc Residential Area, the Company plans to invest an additional 27,69 billion VND in 2024; and invested an additional 174,08 billion VND in the social housing project - phase 1 at Sonadezi Huu Phuoc Residential Area.
Previously, in 2023, Industrial Urban Development Company No. 2 also had an ambitious business plan, but at the end of the fiscal year, the Company recorded revenue of 212,48 billion VND, completing 79,35 billion VND. % Compared with the plan; Profit after tax recorded a profit of 25,75 billion VND, completing 63,09% of the plan; and total capital construction investment is 121,56 billion VND, equal to 41,2% of the plan.
Although business results did not meet the plan, Industrial Urban Development Company No. 2 will present to shareholders a plan to pay cash dividends of up to 87% in 2023, equivalent to shareholders owning 1 share receiving 8.700 VND (total 263,26 billion VND paid to shareholders in the 2023 dividend payment) and in 2024, the expected dividend rate is 30% in cash.
With the stock price trading on March 25 of 3 VND/share, equivalent to a yield of about 41.500%/year for fiscal year 20,96.
D2D spent more than 125 billion VND to rent 6,5 hectares of land in Chau Duc Industrial Park for 35 years
A noteworthy point is that at the end of 2023, Industrial Urban Development Company No. 2 approved a plan to lease 6,5 hectares of land in Chau Duc Industrial Park (IZ).
Industrial Urban Development Company No. 2 will lease land plot No. 32 from Sonadezi Chau Duc Joint Stock Company in Chau Duc Industrial Park, Chau Duc district, Ba Ria - Vung Tau province, with an area of 6,5 hectares.
Infrastructure usage fee is 1.926.000 VND/m2, total contract value is 125,19 billion VND (excluding VAT). The payment method is divided into 2 installments: 1st payment with 90% before December 25, 12 and 2023nd payment with 2% before February 10, 25.
The land lease period from the contract signing date to October 10, corresponding to the land lease and use period of Industrial Urban Development Company No. 2058 is 2 years.
Previously, on December 8, 12, Industrial Urban Development Company No. 2023 also announced a resolution on business cooperation in the social housing construction investment project - Sonadezi Huu Phuoc Residential Area with Sonadezi Chau Duc Joint Stock Company and Dong Nai Construction Joint Stock Company.
The total project investment is more than 174 billion VND, the expected cooperation period is 5 years. The expected capital contribution value of Sonadezi Chau Duc and Industrial Urban Development Company No. 2 is both 19,5 billion VND, while Dong Nai Construction Joint Stock Company contributes more than 9,75 billion VND. Sales revenue is divided among companies according to capital contribution ratio.
