At the Annual General Meeting of Shareholders held on April 25, the Board of Directors of Vietnam Petroleum Paint Joint Stock Company (PVPAINT) presented a report on production and business results in 2024 and a plan for 2025 with many notable highlights.
In 2024, despite facing many difficulties from macroeconomic fluctuations, raw material prices, changes in legal policies and cost pressures, PVPAINT still recorded positive growth: total revenue reached VND 223 billion, exceeding the plan by 30%; pre-tax profit reached VND 8 billion, increasing by 74% compared to the previous year. Other financial indicators such as budget payment, salary fund, and dividends all met and exceeded the plan.
The Presidium of the Congress
Entering 2025, PVPAINT sets a revenue target of 350 billion VND, a growth of 57%, in which the container paint processing segment continues to be the main driving force, with pre-tax profit of 12 billion VND.
PVPAINT's Board of Directors focuses on digital transformation, improving research and development (R&D) capacity, expanding the market and applying KPI management. At the same time, the Company continues to maintain a policy of caring for employees' lives and building a cohesive corporate culture.
A project PVPAINT performs services
With the support of shareholders, especially PVMR Corporation and Hai Phong Paint Joint Stock Company, PVPAINT expects to exceed the 2025 plan and affirm its position in the industrial paint market.
On behalf of the leaders of the Oil and Gas Construction Maintenance and Repair Corporation (PVMR) - a major shareholder of PVPAINT, Mr. Nguyen Trung Tri, Chairman of the Board of Directors of PVMR, assessed that the success in production and business activities in 2024 is a clear demonstration of the efforts, solidarity and creativity of the entire Board of Directors and employees of PVPAINT in the context of many difficulties and fluctuations in the market. As a companion, PVMR Corporation highly appreciates the positive changes of PVPAINT, especially the orientation of sustainable development and breakthroughs in the 2025 strategy.
Mr. Nguyen Trung Tri committed that PVMR Corporation will always accompany and fully support PVPAINT to successfully achieve its set goals.
Mr. Nguyen Trung Tri expressed his confidence that with a solid foundation and a clear action plan, PVPAINT will continue to achieve even more outstanding achievements in the coming time. PVMR Corporation is committed to always accompany and fully support PVPAINT to successfully achieve its goals.
Source PVMR.VN
