On 20/06/2023, Deo Ca Group Stock Company organized the Annual General Meeting of Shareholders of 2023 at Ho Chi Minh City. In this meeting, the Board of Directors has presented the Financial Statement of 2022 and the plan of 2023 with positive indicators.

The Meeting attended by the presence of Deo Ca Group’s partners such as Truong Son Construction, KKS Group, G7 Equipment Service & Trading Company Limited, Thanh Loi CO.,LTD, CII, Tasco, T&T, Trung Thanh, Nang Ban Mai, Trung Hai, Dacinco, TCE, Port Coast, 368, Trung Chinh, University of Transport and Communications 2, National Economics University, and Ho Chi Minh City University of Technology.

There are foreign partners such as PTL Holding (Laos), Power China (China), Index Strategy (Japan), China Railway No.2 Group and credit companies, banks, and stock companies such as Vietinbank, TPBank, VPBank, BIDV, OCB, SHB, Sacombank, VSBS, ARA Investment Fund, ASSCs, PWC, etc.

Optimizing administration and maximizing profits

The Financial Statement of Deo Ca Group has demonstrated figures with positive trend. Net Revenue is 4.184 billion that has increased 331 billion (+9%) compared to the same period the previous year.

In 2022, Deo Ca Group has completed plenty of key constructions on schedule with high quality. The remarkable example is the Love Bridge, Trung Luong – My Thuan expressway, Thung Thi Tunnel. Other in progress projects such as Truong Vinh Tunnel, Cam Lam – Vinh Hao expressway, Prenn Pass are followed the planned schedules.

Overview of the meeting

The production activities have been developed steadily resulting in profit after taxes of 2022 that was 419 billion, increasing 2,2% compared to the same period and corresponding with profit margin 10%.

At the Meeting, Chairman of the Board Ho Minh Hoang has claimed that Deo Ca group has always take the responsibilities towards the shareholders who has believe and invest in the Company. Deo Ca Group will use the fund efficiently, manage carefully costs, maximize profits and ensure the transparency of the production.

With the employees, the Company guarantee the regime system, especially in the difficult period caused by the Covid-19 pandemic, Deo Ca Group has not reduced personnel as well as salaries. Some employees have become the shareholders of the Group with stable income from salaries, bonuses, and other activities in Party, contributing to improve and strengthen the Party role within the Company.

“We understand that there will be more and more difficulties in the future. The indicators in the reports are just the illustration and signal of positive trends. We will have advantages when we actively approach and manage risks”, Mr. Ho Minh Hoang said.

Mr. Ho Minh Hoang spoke at the meeting

The Chairman of Deo Ca Group has oriented the administration direction: Maintaining the position of the leader company in investment and construction of traffic infraststructure in Vietnam; Investing in the projects that are valuable for the community and optimize the profits; Being general contractors of major public projects; Managing the operations of public investing projects.

In order to realize the strategy, the Assigning - Managing model has been applied to optimize administration, reduce costs, develop ecosystem focusing on the mentioned production activities. All projects of Deo Ca Group have been guaranteed the transparency, community supervision can be considered as a tool to control and minimize risks, prevent negative trends and solve issues.

The Party has also been improve significantly alongside with the financal development. The Resolution of Party are the combination of the priorities in developing finance and society of Party with the direction of companies. Party’ orientation are spread over offices and projects.

2023 begins with huge constructing projects

Deo Ca Group continue to be trusted and chosen by the Government, Departments to be the General Contractor of the Quang Ngai – Hoai Nhon expressway, with the total investment up to 20.469 billion. This project has the largest scale in 12 projects of North – South expressway project period 2. Besides, Deo Ca Group is also the first member of consortium constructing XL1 package of Chi Thanh –Van Phong expressway with the price up to 4.300 billion.

The Revenue of 2023 is planned to achieve more than 6.700 billion, increasing 50% compared to 2022. With this production plan, Deo Ca Group planned to pay the dividends maximally 80% after taxes.

General director Khuong Van Cuong presents the plan of 2023

In 2023 - 2025, Deoca Group will focus on constructing and attend to biddings of projects related to airports, railways, and other expressways in different provinces, etc. The total investment for future projects is 26.000 billion. The Company has the initial to participating in constructing field with the value up to 11.500 billion in this period.

Alongside with increase the scale of constructing activities, Deo Ca group will boost the investment in infrastructure following the public – private partner mode, continuing to develop PPP project in Lang Son, Cao Bang, Lam Dong, Dien Bien, Ho Chi Minh City, Tien Giang, etc

Vice-chairman Le Quynh Mai present the orientation of development

Training is also an essential task. As planned, in 2023, Deo Ca group will recruit more than 2.300 employees, organize EMBA courses 2 for mid-level employees, train vocational skills for technical project teams, organize internal conference with the presence of experts and professional training trips in developed countries for employees to increase the management ability in digital environment.

Investing strategy in constructing high-speed railway and subway metro in Ha Noi and Ho Chi Minh City has determined to implement in 2025-2030 period. This is the valuable, technological infrastructure and a part of Deo Ca Group’s strategy. In order to participate in this project, Deo Ca Group has cooperated with experienced foreign partners such as Sany, Power China, etc. and develop the human resources, prepare modern equipment, be ready for the bidding.

Furthermore, Deo Ca Group has continued to learn from the efficient production models of developed countries such as Japan, Korea, China to ensure the quality of investment and construction, which is to fulfill the ultimate purpose that guarantee the profits of the Company and the shareholders.

BY LAM TRA