Son La Sugar shareholders approve higher dividend, new strategic plan

Son La Sugar Joint Stock Company (SLS) shareholders, at their 2025 annual general meeting, approved a 150% cash dividend on charter capital for the fiscal year 2024-2025, totaling 146,879,175,000. This marks an increase from the previously proposed 100% and a significant jump from the 200% paid in the 2023-2024 fiscal year. Shareholders also approved the allocation of 8,500,000,000 to various funds, including reward, welfare, and raw material area development funds.

The meeting also saw the approval of the business production results for the 2024-2025 fiscal year, which reported a net revenue of 1,160,883 million and a profit after tax of 374,209 million. For the 2025-2026 fiscal year, the company projects a net revenue of 892,756 million and a profit after tax of 109,590 million, along with an operational plan focusing on raw material development, processing improvements, and human resources restructuring.

Additionally, the general meeting approved the dismissal and election of new board of directors members, including Tran Thi Mui, and Nguyen Khanh Tuong as a new board of supervisors member. All related party transactions for 2024-2025 were approved, and authorization was granted to the board of directors to decide on future related party transactions within the specified scope.