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ADC: Results of AGM of Shareholders 2011
Art Design & Communication Joint Stock Company (HNX: ADC) has disclosed the results of its Annual General Meeting (AGM) of Shareholders held on 26/03/2011. The following resolutions were approved:
1. Audited financial statement 2010:
a) Financial creterias:
|
Items |
Unit |
Amount |
|
Profit before tax |
VND |
2,966,066,278 |
|
Profit after tax |
VND |
2,177,260,344 |
b) Profit after tax distribution plan 2010:
|
Items |
Unit |
Amount |
|
Total profit after tax |
VND |
2,177,260,344 |
|
Operating fund of MB (5% Profit after tax) |
VND |
108,863,017 |
|
Bonus fund (5% Profit after tax) |
VND |
108,863,017 |
|
Welfare fund (5% Profit after tax) |
VND |
108,863,017 |
|
Finance reserve fund (5% Profit after tax) |
VND |
108,863,017 |
|
Dividend payment 2010 (15%/year) |
VND |
1,500,000,000 |
|
Investment and development fund |
VND |
241,808,276 |
2. Operation plan 2011:
- Financial creterias:
+ Revenue: VND32 billion
+ Expected profit before tax: VND3 billion
- Profit after tax distribution plan 2011:
+ Exercise rate: 15%/year
+ Finance reserve fund: 5% of profit after tax
Bonus fund: 5% Profit after tax
+ Welfare fund: 5% Profit after tax
+ Management fund of the BOD and Supervisory Board: 5% Profit after tax
+ Investment and development fund: Retained earnings
- Share repurchase for Treasury stock:
+ The BOD is authorized to decide the time of share repurchase for Treasury stock.
3. Select auditing company:
- Auditing company 2011 will be AAC Auditing and Accounting Company.
4. Report of Supervisory Board 2010.
hnx
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