Thanks to favorable hydrology, by December 31, 2023, the entire company produced 3.1 billion kWh, reaching 107.5% of the yearly plan. Production and business activities of DHD in 2023 achieved many positive results when financial indicators such as total revenue, total costs, and total profit after tax all reached the plan.
With this result, the Board of Directors submitted to GMS to vote to approve the 2023 profit distribution plan with a dividend of 28.5%.
Mr. Le Van Quang - Chairman of the Board of Directors running meeting
Besides power production results, financial activities created a highlight last year when the company received VND 52.8 billion in dividends from subsidiaries and affiliated companies. Currently, DHD Company is contributing capital to 04 joint stock companies including Ha Song Pha Hydropower Joint Stock Company, A Vuong Hydropower Joint Stock Company, Song Ba Ha Hydropower Joint Stock Company, and Thuan Binh Wind Power Joint Stock Company. In 2023, subsidiaries and affiliated companies with capital contributed by DHD all operated effectively.
All issues presented at meeting approved by shareholders.
The meeting approved the 2024 production and business plan with the following main targets: Power production is 3,045 million kWh; Carrying out 13 major repair work items, 32 regular repair work items; Striving to achieve production and business targets to meet shareholders' expectations.
Mr. Nguyen Manh Huan - Member of EVNGENCO1 Board of Directors.
Mr. Nguyen Manh Huan required that the leaders and employees of DHD Company continue to make efforts and promote their experience to complete the 2024 production and business targets assigned by EVNGENCO1 to ensure efficient and effective power supply. meet shareholders' expectations. He added that dividends received from DHD Company contribute to EVNGENCO1's efficiency.