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VLA: General mandate 2011
Van Lang Technology Development and Investment Joint Stock Company (HNX: VLA) has disclosed the results of its Annual general meeting of shareholders held on 26/02/2011. The following resolutions were approved:
1. Operating results of 2010:
|
Items |
Unit |
Year 2010 |
|
Revenue |
VND |
10,401,690,430 |
|
Profit before tax |
VND |
2,871,252,549 |
|
Profit after tax |
VND |
2,445,960,492 |
2. Profit distribution 2010:
|
Items |
VND |
|
- Production Development fund (5% Profit after tax ) |
122,298,025 |
|
- Financial reserve fund (5% Profit after tax ) |
122,298,025 |
|
- Dividend payment 2010 (16% of charter capital) |
1,728,000,000 |
|
Where: Profit after tax of previous year |
208,046,448 |
|
Profit after tax this year |
1,519,953,552 |
|
- Bonus for the Management Board (5% Profit after tax ) |
122,298,025 |
|
- Reward and Welfare fund (10% of charter capital) |
244,596,050 |
3. Plan 2011
- Revenue: VND 10,500,000,000
- Profit before tax: VND 3,300,000,000
- Profit after tax: VND 2,807,000,000
- Production Development fund: 5% Profit after tax
- Financial reserve fund: 5% Profit after tax
- Dividend payment 2010: 18% of charter capital
- Bonus for the Management Board: 10% Profit after tax in case the dividend payment is 18% or 5% Profit after tax in case the dividend payment is lower than 18%
- Reward and Welfare fund: 10% of charter capital
- Salary fund 2011: The BOD is assigned to decide the salary unit based on the operating results
4. Auditing and Accounting Company Limited AAC is selected as the auditor for the Company in 2011.
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