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GMC: Business result in the first 06 months 2010 and expectations in quarter 3/2010
Saigon Garment Manufacturing Trade Joint Stock Company (GARMEX) has announced business result in the first 06 months 2010 and expectations in quarter 3/2010 as follows:
* In the first 06 months 2010:
* Revenue: VND218 billion (48% of the plan)
* Profit: VND15,163 billion (50.54% of the plan)
* Inventories for exporting in July & August 2010: USD2.7 million
* Average labor capacity increased high in May & June 2010.
* Expectations in quarter 3/2010:
* The company hastened the plan: increasing to USD20,000 / line / month at An Nhon & An Phu Factory (*) and USD16,000 / line / month at Tan My Garment Joint Stock Co. (*)
* Exporting products to clients on time.
* The company expected revenue will reach USD7.5 million in quarter 3/2010 (average USD2.5 million every month equivalent to VND47 billion / month). Accumulation revenue in 09 months will reach VND359 billion and reach 100% of the 2009 plan.
* If the company implement the plan of USD20,000 / line / month and average USD11.4 / person, the company will make a plan of VND600 billion dongs in 2011 with more value:
+ 100% FOB
+ Lean management method: Increasing capacity and make production stable.
+ Tan My Garment Joint Stock Company. is the green lead company in the Vietnam garment.
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