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S91: Board resolution
Song Da 9.01 JSC announces the Board Resolution approved on 27/10/2008 as follows:
1. Operating results of QIII/2008:
|
No. |
Items |
Unit |
Planned QIII/2008 |
Completed QIII/2008 |
% Completed |
|
1 |
Production |
VND 1,000 |
18,488,941 |
1,905,352 |
10.3 |
|
- Construction |
VND 1,000 |
18,428,941 |
1,410,056 |
|
|
- Others |
VND 1,000 |
60,000 |
495,296 |
|
|
2 |
Revenue |
VND 1,000 |
25,912,409 |
9,088,847 |
35 |
|
3 |
Cash |
VND 1,000 |
30,000,000 |
11,098,154 |
37 |
|
4 |
Profit |
VND 1,000 |
1,500,000 |
-1,187,533 |
|
|
5 |
Profit/revenue ratio |
% |
5.8 |
|
|
|
6 |
Profit/charter capital ratio |
% |
10 |
|
|
|
7 |
Average income |
VND 1,000 |
3,000 |
5 |
16.2 |
|
8 |
Payables to the State |
VND 1,000 |
1,981,989 |
95,348 |
4.8 |
2. Operating results of the first 9 months of 2008:
|
No. |
Items |
Unit |
2008 plan |
Completed in first 9 months of 2008 |
% Completed |
|
1 |
Production; |
VND 1,000 |
60,353,410 |
24,676,075 |
40.8 |
|
- Construction |
VND 1,000 |
59,353,410 |
23,931,157 |
|
|
- Others |
VND 1,000 |
1,000,000 |
744,918 |
|
|
2 |
Revenue |
VND 1,000 |
90,057,478 |
32,416,504 |
40 |
|
3 |
Cash |
VND 1,000 |
82,458,758 |
28,914,464 |
35 |
|
4 |
Profit |
VND 1,000 |
6,866,515 |
|
|
|
5 |
Profit/revenue ratio |
% |
7.62 |
|
|
|
6 |
Profit/charter capital ratio |
% |
45.80 |
|
|
|
7 |
Average income |
VND 1,000 |
2,763 |
2,289 |
83 |
|
8 |
Payables to the State |
VND 1,000 |
7,585,808 |
1,535,279 |
20 |
3. Plan of QIV/2008:
|
No. |
Items |
Unit |
QIV/2008 plan |
|
1 |
Production |
VND 1,000 |
11,000,000 |
|
- Construction |
VND 1,000 |
10,500,000 |
|
- Others |
VND 1,000 |
500,000 |
|
2 |
Revenue |
VND 1,000 |
25,443,410 |
|
3 |
Cash |
VND 1,000 |
20,544,294 |
|
4 |
Profit |
VND 1,000 |
|
|
5 |
Profit/revenue ratio |
% |
|
|
6 |
Profit/charter capital ratio |
% |
|
|
7 |
Average income |
VND 1,000 |
2,231 |
|
8 |
Payables to the State |
VND 1,000 |
1,051,511 |
4. QIV/2008 plan for capital recovery: VND 25.5 bil.
5. Investment guideline:
- Promote projects, sub-projects, highly feasible small-scale hydropower projects; and try to get approval decisions for these projects.
- Purchase land to build head office of the company and mechanic repair-shop in Gia Lai district in QIV/2008.
6. Human resources:
- Focus on working effectiveness of the staff .
- Improve training and recruitment activities to meet the requirement of production and business of the company.
7. Solutions:
- Speed up the capital recovery, debt recovery to minimize the interest expenses.
- Settle definitely Huong Son project. In case the investor does not revise the method and execution estimation, the company will put an end to the contract with Song Da No 27 JSC.
- Ensure progress of projects to reduce the cost.
- Draw up the plans for bank loan payment and borrowing to ensure the progress and quality of works in progress.
- Sell off unused materials, tools in QIV/2008 to add capital for production and business of the company.
- Draw up plan of privatization of vehicles, machine, and equipment to improve productivity and production and business effectiveness.
HaSTC
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