Phat Dat successfully organized its Annual General Meeting of Shareholders 2024.
On April 26, 2024, Phat Dat Real Estate Development Corporation (Stock code: PDR) convened its 2024 Annual General Meeting of Shareholders at the Lotus Ballroom, Rex Hotel, District 1.
Mr. Nguyen Van Dat, Board Chairman of PDR, speaking at the 2024 AGM.
1. RESULTS OF 2023 OPERATIONS:
- In 2023, Phat Dat achieved a post-tax profit of VND 682 billion.
- The share price of Phat Dat (ticker: PDR) doubled year-on-year by the end of 2023.
- As of June 2023, the number of Phat Dat shareholders was 16,199; by the end of March 2024, this number had doubled to 32,838.
- All bond obligations, amounting to VND 2,534.3 billion, were fully repaid on time or prior to maturity, resulting in zero bond debts.
- Progressing with legal procedures for its projects, expecting 4 to 6 projects to launch this year, with a total product value ranging from VND 30-40 trillion.
- Strengthening the senior personnel team to capitalize on new opportunities.
The Chair Committee presiding over the 2024 Annual General Meeting of Shareholders.
2. ORIENTATION AND OBJECTIVES FOR 2024:
In 2024, under the directive “Ready for new opportunities,” Phat Dat will focus on the following key objectives:
- Achieving an after-tax profit target of VND 880 billion.
- Finalizing legal procedures for ongoing projects.
- Focusing on sales to ensure stable cash flow.
- Emphasizing the search for and acquisition of prime lands for new developments.
With 20 years of experience in the real estate sector, Phat Dat is confident in achieving its set objectives.
Shareholders voted on the agenda items at the 2024 AGM.
