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ECI: Board resolution
Education Cartography and Illustration Joint Stock Company (HNX: ECI)announces the board resolution approved on 10/03/2010 as follows:
1. Approving audited financial statement 2010 by Auditing and Accounting Company Ltd and operation results 2010 as follows:
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1 |
Total revenue |
VND 50,334,136,694 |
|
2 |
Total cost: |
VND 45,509,539,798 |
|
3 |
Total Accounting profit (Loss) before tax |
VND 4,824,596,896 |
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4 |
Income tax payable |
VND 1,245,120,057 |
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5 |
Total Profit (Loss) after tax |
VND 3,579,476,839 |
|
6 |
Earning per share |
VND 1,924 |
2. Profit distribution after tax 2010
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1 |
Total Profit (Loss) after tax |
VND 3,579,476,839 |
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2 |
Profit distribution after tax 2010 |
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2.1
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Dividend payment 2010 with rate of 12% |
VND 2,232,000,000
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|
+ |
First dividend payment with rate of 8% was on 24/01/2011 |
VND 1,488,000,000 |
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+ |
Second dividend payment with rate of 4% |
VND 744,000,000 |
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2.2 |
Setting up funds |
VND 644,305,831 |
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+ |
Finance Reserve Fund (5% of profit after tax): |
VND 178,973,842 |
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+ |
Bonus and welfare fund (13% of profit after tax): |
VND 465,331,989 |
3. Approving Second dividend payment 2010 in cash
+ Exercise rate: 4% (Shareholders receive VND 400 for every share they own)
+ Expected exercise date: 22/04/2011
+ Place of payment:
- For deposited shares: Securities companies where shares of shareholders have been depostied,
- For undeposited shares: Head office of Education Cartography and Illustration Joint Stock Company on working days, Securities certificate and Identification Card (Original copy) are required,
4. Approving contents and time for annual general meeting of shareholders 2011
- Expected date: From 16/04/2011 to 23/04/2011
- Place: 45 Hang Chuoi Street, Hai Ba Trung District, Ha Noi City
- Exercise rate: 1 share - 1 vote
- Agenda:
+ Report of Board of Directors about operation results 2010 and operation plan 2011
+ Report of Management about operation results 2010 and operation plan 2011
+ Activity report of Supervisory Board
+ Approving some content at the meeting
5. Approving operation plan 2011 with the content as follows:
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1 |
Total revenue |
VND 45,000,000,000 |
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2 |
Total cost |
VND 40,500,000,000 |
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3 |
Total profit (Loss) before tax |
VND 4,500,000,000 |
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4 |
Total profit (Loss) after tax |
VND 3,375,000,000 |
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5 |
Dividend payout ratio |
12 % |
6. Approving 2010 remuneration of Board of Director and Supervisory Board and remuneration plan 2011
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- Remuneration of Board of Director and Supervisory Board 2010: |
4% x Profit before tax |
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- Remuneration of Board of Director and Supervisory Board 2011: |
4% x Profit before tax |
7. Approving selecting Auditing and Accounting Company Ltd.
hnx
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