On the morning of May 22, 2020, First Real Real Estate Joint Stock Company held the 2020 Annual General Meeting of Shareholders at the Grand Ballroom Hall on the first floor of the Hilton Hotel Building (50 Bach Dang, Hai Chau 1 ward, district Hai Chau, Da Nang City).
At the meeting, the shareholders of First Real Company discussed and voted to approve important contents of the meeting such as: report of the Board of Directors on 2019 activities, report of the Board of Directors. year 2019 and plan for 2020, report of the Supervisory Board in 2019, a report on changes in the company's organizational model.
The Company's consolidated business results in 2019 achieved positive growth. Net revenue and profit after tax reached 328 billion and 93 billion, respectively, up 86% and 21% compared to the results achieved in 2018, only profit after tax reached 103% of the plan set by the Congress. Approved by Shareholders. With a team of dynamic and professional staff along with quality projects, First Real can completely meet all the requirements of customers: from land projects to apartments, buildings, offices. , housing ... With positive business results, First Real plans to pay 2019 dividend in shares at the rate of 30%.
The AGM approved the change of the Company's organizational structure, accordingly, the Company will operate in the model without the Supervisory Board, but be replaced by the Internal Audit Committee under the Board of Directors. Also at this meeting, First Real elected 05 members of the Board of Directors (BOD) for a new term.
From the successes achieved in 2019, the General Meeting of Shareholders expects that the Board of Directors, the Board of Directors of the company together with the Internal Audit Committee will continue to take advantage of opportunities to create breakthrough developments in in 2020, the difficult economic situation and the real estate market still face many challenges.
With the target of VND 350 billion in revenue, VND 100 billion in profit, and the same orientation to become an investor of a real estate project, First Real's business strategy in 2020 is to focus on deeply exploiting customers. segmentation, focusing on customer experience; Prioritize products with quality, comfort, legal status and reasonable price.
At the same time, First Real will operate in the direction of transparency and effective business with strong market development solutions, business plans, marketing strategies and appropriate human resource policies to achieve set direction to ensure sustainable development of enterprises.
First Real Company will continue to take active and active preparations to continue to overcome the challenge of successfully completing the business plan in 2020; strengthening governance, continuing to restructure the company towards high expertise, efficiency, creating a good and transparent working environment for staff to develop with a rewarding salary based on productivity and performance. results work.
The Annual General Meeting of Shareholders in 2020 of First Real Real Estate Joint Stock Company ends at 11:30 on the same day with a high consensus from shareholders.