NKD sets high growth target for 2008

The North Kinh Do Food Joint Stock Company (NKD) shareholder meeting set a growth target of 25 percent, or 700 billion VND, for this year.

The company announced revenue of more than 561 billion VND and after-tax profit of 72 billion VND, making an increase of 19 percent over 2006.

The company also approved a dividend payment at 18 percent in cash and 22 percent in shares.

This year, the company will open five more bakery shops in neighbouring provinces, bringing its total number of shops to more than 15,000.

VNA

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