Nam Kim Steel (NKG) sets 2025 profit target 21 per cent lower amid global uncertainty
According to its 2025 AGM documents, the company aims for VNĐ23 trillion in revenue and 1.05 million tonnes in steel sales.
According to its 2025 AGM documents, the company aims for VNĐ23 trillion in revenue and 1.05 million tonnes in steel sales. — Photo tienphong.vn
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Nam Kim Steel (HoSE: NKG) has set a cautious 2025 profit target of VNĐ440 billion (US$16.9 million), down 21 per cent year-on-year, citing global trade uncertainties.
According to its 2025 AGM documents, the company aims for VNĐ23 trillion in revenue and 1.05 million tonnes in steel sales. To meet these goals, NKG will focus on cutting costs, boosting exports to Europe and North America, and promoting high-margin products.
In 2024, the company earned VNĐ20.7 trillion in revenue and VNĐ558 billion in pre-tax profit, exceeding its profit target by 132.8 per cent. Despite this, no dividend will be paid. Instead, profits will be allocated to reserve (two per cent), development (three per cent) and welfare (five per cent) funds.
NKG plans to cancel its 2024 Employee Stock Ownership Plan and introduce one in 2025, issuing up to 4.5 million shares (one per cent of outstanding shares) at VNĐ10,000 each, excluding the chairman and CEO. Fifty per cent of those shares will be locked for one year, the rest for two years.
Nam Kim Steel's 2025 AGM will be held on 25 April in Hồ Chí Minh City.
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