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TRC: Tanniruco’s 2010 profit target exceeded by 15 %
Until October 31, 2010, the 2010 profit target of Tay Ninh Rubber Company (HoSE: TRC) was exceeded by 15%.
Profit: On October 31, 2010, Taniruco gained VND192.6 billion in profit, accounting for 115% of the whole year plan (EPS = 6.420).
Targets for November and December 2010 (61 days):
+ Exploitation quantity: 3,629 tons
+ Selling quantity: 2,939 tons
+ Average selling price at the reporting time: VND65,706,835/ ton
New project: In October 2010, Taniruco contributed 15% capital to set up Dau Tieng – Lao Cai Rubber Joint Stock Company to plant 10,000 hectares of rubber trees in the province of Lao Cai. Taniruco is the second largest shareholder after Dau Tieng Rubber Co., Ltd.
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