Searefico changes general director

Searefico announced that Mr. Nguyen Khoa Dang will hold the position of General Director of the company from September 9, after Mr. Vu Xuan Thuc resigned.

The Board of Directors of Searefico Joint Stock Company (stock code: SRF) has just issued a resolution approving the dismissal of Mr. Vu Xuan Thuc from the position of General Director and appointing Mr. Nguyen Khoa Dang to this position from September 9.

The decision to dismiss was made more than a month after Mr. Thuc submitted his resignation. Specifically, in his resignation letter signed on August 5, Mr. Thuc said that for personal reasons as well as to create conditions for talented people capable of managing and leading the company to new heights, he decided to resign. Mr. Thuc will begin handing over his work from August 12 and his desired resignation date is September 8.

Mr. Thuc, born in 1986, has been the General Director of Searefico since September 2022. In addition, he is also the Chairman of the Board of Directors of Seareal Real Estate Joint Stock Company, a member of the Board of Directors of Searefico Engineering and Construction Joint Stock Company, Searee Refrigeration Electrical Engineering Joint Stock Company and Phoenix Energy & Automation Joint Stock Company. The above companies are all subsidiaries of Searefico.

Regarding business performance, Searefico announced its audited consolidated semi-annual financial report for 2024 with net revenue reaching VND494 billion, down 30.7% year-on-year. Searefico said this revenue mainly comes from the implementation of equipment supply and installation contracts signed with customers.

Cost of goods sold in this period was over VND454 billion, making gross profit only VND40.6 billion. After deducting expenses, the company reported a profit after tax of over VND671 million, down 73.5% over the same period.

This year, Searefico plans to achieve revenue of VND2,000 billion and after-tax profit of VND22 billion. After half a year, the company has completed 24.7% of the revenue plan and 3% of the profit target.

As of the end of the second quarter of 2024, Searefico's total assets decreased by 7.3% compared to the beginning of the year, reaching VND 1,625 billion. Owner's equity was nearly VND 436 billion.

On the stock exchange, SRF shares are currently at VND9,500, up 16% from the beginning of the year. With more than 35.5 million shares listed on the HoSE, the market capitalization is around VND321 billion.

Source: https://baodautu.vn/searefico-thay-tong-giam-doc-d224507.html