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SD9: Board Resolution
Song Da 9 JSC announces the Board Resolution approved on 28/10/2008 as follows:
1. Operating results of QIII/2008 and the first 9 months of 2008:
1.1. Operating results of QIII/2008
|
No |
Items |
Unit |
Planned QIII/2008 |
Completed QIII/2008 |
% completed |
|
1 |
Production |
VND mil. |
86,460 |
152,321 |
176 |
|
- Construction |
VND mil. |
84,610 |
140,819 |
|
|
- Others |
VND mil. |
1,850 |
11,502 |
|
|
2 |
Turnover |
VND mil. |
156,516 |
175,417 |
112 |
|
Revenue |
VND mil. |
142,474 |
160,244 |
112 |
|
3 |
Cash |
VND mil. |
125,212 |
215,817 |
172 |
|
5 |
Profit |
VND mil. |
8,548 |
14,238 |
167 |
|
6 |
Profit/revenue ratio |
% |
6.01 |
8.89 |
148 |
|
7 |
Profit/charter capital ratio |
% |
5.71 |
9.49 |
166 |
|
8 |
Average income |
VND 103 |
2,196 |
3,089 |
114 |
|
9 |
Payables to the State |
VND mil. |
6,868 |
6,783 |
99 |
1.2. Operating results of the first 9 months of 2008:
|
No |
Items |
Unit |
2008 plan |
Completed in 9 months of 2008 |
% completed |
|
1 |
Production |
VND mil. |
480,000 |
474,562 |
99 |
|
- Construction |
VND mil. |
407,972 |
440,221 |
108 |
|
- Others |
VND mil. |
72,028 |
34,341 |
47 |
|
2 |
Turnover |
VND mil. |
512,110 |
451,784 |
88 |
|
Revenue |
VND mil. |
470,000 |
413,181 |
88 |
|
3 |
Cash |
VND mil. |
523,469 |
464,093 |
89 |
|
5 |
Profit |
VND mil. |
35,128 |
35,036 |
100 |
|
6 |
Profit/revenue ratio |
% |
7.50 |
8.48 |
114 |
|
7 |
Profit/charter capital ratio |
% |
23.42 |
23.36 |
99.7 |
|
8 |
Average income |
VND 103 |
3,000 |
3,361 |
112 |
|
9 |
Payables to the State |
VND mil. |
25,000 |
17,643 |
71 |
2. Plan of QIV/2008:
|
No. |
Items |
Unit |
QIV/2008 plan |
Note |
|
1 |
Production |
VND mil. |
71,000 |
|
|
- Construction |
VND mil. |
71,000 |
|
|
- Others |
VND mil. |
|
|
|
2 |
Turnover |
VND mil. |
140,000 |
|
|
Revenue |
VND mil. |
127,818 |
|
|
3 |
Cash |
VND mil. |
135,000 |
|
|
5 |
Profit |
VND mil. |
12,000 |
|
|
6 |
Profit/revenue ratio |
% |
9.39 |
|
|
7 |
Profit/charter capital ratio |
% |
8.00 |
|
|
8 |
Average income |
VND 103 |
3,009 |
|
|
9 |
Payables to the State |
VND mil. |
6,599 |
|
3. QIV/2008 plan for capital recovery: VND 140 bil.
4. Investment plan for QIV/2008: VND 4,472 bil.
5. Hanoi auditing and accounting company is selected to audit financial statement (FS) and consolidated FS of the company.
6. Solutions:
Enterprise renovation:
- Focus on working effectiveness of the staff .
- Improve training and recruitment activities to meet the requirement of production and business of the company.
- Use IT in production and business management.
Economic work:
- Focus on capital recovery, decrease the value on progress to less than VND 150 bil.
- Settle existing economic difficulties in some works such as: Cekaman 3, Nam Chien, Nam Ngan projects.
- Examine accounting, manager leasing contracts of affiliations in 2008
Job seeking:
- Improve marketing, seeking works to ensure stable jobs for employees and equipments of the company.
Technical and labour safety:
- Complete technical files of items of Tuyen Quang hydro power project.
Accounting:
- Keep close control of the expenses.
- Draw up plan for capital mobilization and using for every project.
- Speed up the capital recovery, debt recovery.
Machines and materials:
- Improve operation coefficient of machines and improve their efficiency.
- Settle the inventory material problem, balancing the using among units in the company to have an inventory less than VND 10 bil. at the end of the year.
- Use equipment and material management software in the company.
HaSTC
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