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TMC: Resolution of BOD
Thu Duc Trading and Import - Export Joint Stock Company (TIMEXCO) has informed of business result in January 2009 and resolution of BOD as follows:
Business result in January 2009:
|
(Unit: billion dongs) |
January 2009 |
|
Sales |
85.58 |
|
Gross profit |
5.26 |
|
Total profit before tax |
2.8 |
|
Profit after tax |
2.05 |
* Sales increased 1.54% compared to that in December 2008. Profit before tax increase 3.6 times compared to December 2008.
* Reason: In the period of Lunar New Year, fuel, electronic goods and motorbikes were consumed well, thus profit increased.
* Resolution of the BOD
* Time for the annual shareholders’ meeting:
- Expected record date: 27/02/2009
- Meeting time: 8am, 28/03/2009
- Venue: 108 Nguyen Du, Dist.1, HCMC.
- Adjusting the business plan for 2009:
- Due to financial recession, BOD has decided to adjust the business plan for 2009 which was informed in October 2008 as follows:
- Total sales: VND1,100 billion
- Output:
+ Steel: 16,000 tons
+ Fuel: 70,000m3
+ Motorbikes: 3,700 units
Electronic goods: VND90 billion
Profit before tax: VND18 billion
Dividend pay-out ratio: 12%/year
* The BOD has decided not to present the plan of share issuance to raise chartered capital to VND80 billion due to the current economic situation.
* The BOD has determined to transfer listing of its stock to the Hanoi Securities Trading Center within three months from 8th February 2009.
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