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HPG: Adjusting business plan for 2009
Hoa Phat Group Joint Stock Company (HPG) has changed business plan for 2009 as follows:
- In the first 5 months 2009:
+ Sales was VND2,913 billion, equivalent to 46% of the plan
+ Profit after tax: VND506 billion equivalent to 87% of plan
- In the first 6 months 2009
- Expected sales: VND3,500 billion, equivalent to 56% of the plan
+ Profit after tax: VND650 billion, equivalent to 112% of the plan
- Until now, operation of the company has run well. Two big projects in the mid-term as cast iron & steel complex and cement factory are in progress. The steel project is expected to produce products in Q4/2009. Cement of the company is also expected to present in the market at the end of the year.
- Basing on the good operation during the time, the BOD of the company has decided to adjust its business plan in 2009 as follows:
+ Sales: From VND6,372 billion to VND7,000 billion
+ Profit after tax: From VND585 billion to VND920 billion
+ Dividend payment: From 20% to 30%
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