Sasco plans to increase revenue by 5% to VND 2.903 billion and pre-tax profit to increase by 3% to VND 343 billion despite predicting that business activities may be affected by armed conflict, inflation, and rising fuel prices. High.
The Board of Directors of Tan Son Nhat Airport Services Joint Stock Company (Sasco, stock code: SAS) plans to submit to the upcoming annual general meeting of shareholders a net revenue target of VND 2.903 billion, an increase of 5% compared to the previous year. . Of this number, net revenue from production and business activities was 2.788 billion VND, an increase of 8% compared to the previous year.
Sasco sets a pre-tax profit target of VND 343 billion, up 3% compared to the previous year. The company expects basic profit per share to reach 1.915 VND, not much different from 1.889 VND last year. The company plans to pay 105 billion VND to the state budget, an increase of 5% compared to 2023.
According to Sasco's leadership, this plan is based on the prospect of a better economic recovery in Vietnam, but the aviation industry still faces huge challenges in terms of gasoline prices, exchange rates, and the openness of markets. key international school. The board of directors added that world economic growth is not stable, wars and epidemics still pose many potential risks, rising raw material prices and inflation also affect the company's production and business activities.
This year's business plan of Sasco is also based on the estimated passenger volume of Airports Corporation of Vietnam (ACV) at Tan Son Nhat. Specifically, the number of departing and arriving passengers is estimated at 42 million, an increase of 3% compared to the previous year and 4% compared to 2019 - a period when aviation activities were not affected by the pandemic.
Sasco's board of directors also added that in case the market situation changes due to being affected by force majeure cases from world economic and political instability that affects the operations of the industry and company, submit to the General Meeting of Shareholders to authorize the Board of Directors to adjust the production and business plan for 2024 in accordance with reality.
In 2023, Sasco records net revenue of 2.762 billion VND and pre-tax profit of 334 billion VND, an increase of 17% and 22% respectively compared to the original plan. At the end of 2023, Sasco has total assets of VND 2.249 billion, an increase of 10% compared to the beginning of the period. Liabilities as of December 31, 12 are VND 2023 billion, an increase of 765% compared to the beginning of the period.
Also according to the upcoming annual general meeting of shareholders, the current distributed profit after tax is 285,5 billion VND. The company appropriated bonus, welfare and bonus funds for the Board of Directors as well as the Supervisory Board a total of 11,7%, equivalent to 33,4 billion VND. After that, the company locked the dividend rate at 18,26%, corresponding to the amount to be divided of 243 billion VND. Because the company has already paid the first dividend at a rate of 1%, the remaining amount will be paid after the profit distribution plan is approved. After distribution, the company has 8 billion VND of retained profit after tax.
In addition, Sasco also presented shareholders with the first temporary dividend plan for this year at a rate of 1% in cash, corresponding to each share receiving 6 VND.
