Coteccons Construction Joint Stock Company (CTD) announced a significant increase in its performance bonus fund for the 2026 fiscal year, following a period of strong business growth and record profits. Nguyen Trinh Thuy Trang, deputy general director of operations at Coteccons, shared this news in a letter to all employees, stating that the average bonus would be 3,5 months' salary.

The bonus structure is tiered based on performance. Employees needing improvement, who partially met expectations and account for 1,2% of the total workforce, will receive 0,5-one month's salary. The effective group, comprising 67,6% of employees who performed well, will get 1,5-three months' salary. Highly effective employees, making up 26,6% of the staff, will receive three-five months' salary.

Notably, the excellent group, who made an outstanding impact on the company and represent 4,6% of employees, will have a bonus factor of up to six-eight months.

As of 30/6, Coteccons had 4,080 employees, an increase of 1,085 people compared to the same period last year. In the 2026 fiscal year, CTD recorded employee salary and bonus expenses exceeding 327 billion VND, a nearly 68% increase from the previous year. Employee costs were also 22% higher than the same period, reaching nearly 332 billion VND. Ms. Trang emphasized that these achievements were not due to luck but were created by the efforts of thousands of employees.

Engineers working at a construction site. Photo: CTD

According to the consolidated financial report for Q4 of the 2026 fiscal year (1/7/2025-30/6/2026), cumulative 12-month revenue reached 34,340 billion VND. This represents a 38% increase compared to the same period and is 14,5% above the set plan, marking a record figure in the company's operating history.

Consolidated after-tax profit reached 788 billion VND, a nearly 73% increase from the previous year and almost 13% higher than the target. This profit level is the largest recorded since 2019. The management board stated that the profit growth rate doubled the revenue growth rate, with the net profit margin increasing from 1,83% to 2,29%. This indicates that each dong of revenue this year generated more substantial value.

Looking ahead, as of 31/3, Coteccons had a backlog value of nearly 65,500 billion VND, the highest in its operating history. This substantial backlog secures workload for the next two-three years. The management board stated that the company not only seeks new projects that bring good revenue and profit but also prioritizes complex projects to enhance team capabilities.

In a recent report, NH Vietnam Securities (NHSV) stated that the large total backlog value is an important condition and a key revenue growth driver for CTD in the upcoming period. With strong construction capabilities and an effective repeat sales strategy, the company will maintain its reputation and position in the industry, opening opportunities to sign more contracts with major investors.

However, NHSV still believes that Coteccons' business outlook has several factors to monitor, such as the real estate industry situation, foreign direct investment (FDI), and public investment disbursement. Fluctuations in construction material prices and the impact of tightened real estate credit on businesses are also among the risks for the entire industry.