Son La Sugar reports record profit despite market challenges

Son La Sugar JSC reported a record profit after tax of VND 374,209 million for the fiscal year 2024-2025, exceeding its target by 249.47%. This achievement comes despite challenges such as declining international sugar prices, oversupply, smuggling, and adverse climate conditions. The company's flexible raw material policies, lean management, cost optimization, and proactive sales strategies were key to this success.

The company's total assets grew by 22.87% to VND 2,083,459 million. Short-term receivables increased by 68.38% to VND 1,031,898 million, and inventories rose by 18.79% to VND 511,506 million. The board of directors proposed a cash dividend payout of 200% of charter capital for the fiscal year 2023-2024.

Looking ahead to 2025-2026, Son La Sugar plans to focus on stabilizing raw material areas, enhancing processing efficiency, and expanding its market, while also committing to sustainable development, environmental protection, and social responsibility initiatives.