Surprised with the remuneration of Hoa Phat Group’s bosses
Recently, Hoa Phat Group, chaired by Mr. Tran Dinh Long of the Board of Directors, released its annual report for 2021. One of the notable points in this report is related to salaries, bonuses and remuneration of the members. member of the Board of Directors of the company.
Accordingly, in 2011, the remuneration of the company’s leaders increased sharply. Specifically, the remuneration of the members of the Board of Directors has increased from VND 25.24 billion in 2020 to VND 117.81 billion in 2021, 4.67 times higher.
Currently, HPG’s Board of Directors consists of 7 members, including Mr. Tran Dinh Long – Chairman of the Board of Directors, Mr. Tran Tuan Duong – Vice Chairman of the Board of Directors, Mr. Nguyen Manh Tuan – Vice Chairman of the Board of Directors, Mr. Doan Gia Cuong – Deputy Chairman of the Board of Directors, Mr. Nguyen Viet Thang – member of the Board of Directors cum General Director, Mr. Hoang Quang Viet and Mr. Nguyen Ngoc Quang. Thus, on average, each member of the Board of Directors will receive a remuneration of 16.83 billion VND/year, equivalent to 1.4 billion VND/month.
Meanwhile, members of the Board of Directors also received an increase of 1.67 times, from 2.32 billion VND to 3.89 billion VND. The Board of Directors has 4 members, the General Director is Mr. Nguyen Viet Thang. Thus, on average, each member received nearly 1 billion VND in the past year.
Members of the Supervisory Board in the last financial year also increased their remuneration, salary and bonus to 1,754 billion VND. The Supervisory Board currently has 4 members, so, on average, in the past year, each member received 438 million VND, equivalent to more than 36 million VND/month.
In 2021, Hoa Phat’s revenue and profit reached a record of VND 150,865 billion. Revenue in 2021 exceeded 26% of the plan, increased 65% compared to 2020 and 8.3 times higher than 10 years – 2011.
The Group’s profit after tax exceeded 192% of the set plan, increased by 156% compared to the same period in 2020 when it reached VND 34,520 billion, setting the highest record ever in the history of the Group as well as that of the company. an industrial manufacturing company in Vietnam. This profit is more than 4 times higher than before Hoa Phat started building Hoa Phat Dung Quat 1 Iron and Steel Complex 5 years ago.
Steel sector (including Iron and Steel and Steel Products) plays a key role and is the core business of the Group. Revenue and profit after tax of this segment account for 94% and 96% of the Group, respectively.
Construction steel and Hoa Phat steel pipe continued to maintain the No. 1 market share in the market at 32.6% and 24.7% respectively. Hoa Phat is the only Vietnamese enterprise that can produce HRC hot rolled coil.
The agricultural sector brought in 718 billion of profit after tax, contributing 5% of revenue and 2% of profit after tax of the Group. Australian beef holds the No. 1 market share in Vietnam, Hoa Phat’s bio-safe pigs and clean chicken eggs are also among the top of the market.
Real estate revenue increased 126% compared to 2020, industrial parks continuously expanded, occupancy rate was over 90% and were trusted and loved by investors. Hoa Phat established two more companies in the field of real estate to research and deploy these modern urban areas and mega-urban areas in many key economic regions.
In 2021 Hoa Phat decides to make a big investment in the field of home appliances; strengthen advertising and sales; started construction of a factory in Ha Nam with a capacity of 1 million products/year. In April 2021, Hoa Phat also started the construction of a container factory in Ba Ria – Vung Tau province.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
