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SPP: Results of Annual General Meeting of Shareholders 2011
Saigon Plastic Packaging JSC (HNX: SPP) has disclosed the results of its Annual General Meeting of Shareholders held on 26/04/2011. The following resolutions were approved:
1. Audited Financial Statement 2010.
2. Operating results of 2010:
|
Items |
Unit |
Realized in 2010 |
% increasing compared to 2009 |
|
Net income |
VND |
336,513,928,163 |
40.74 |
|
Total expenses |
VND |
307,357,065,372 |
32.37 |
|
Profit before tax |
VND |
30,830,772,128 |
227.59 |
|
Profit after tax |
VND |
28,486,070,843 |
219.47 |
|
Current Assets/Total Assets |
% |
58.27 |
|
|
Fixed Assets/Total Assets |
% |
41.73 |
|
|
Liabilities/Total Resourses |
% |
64.73 |
|
|
Profit after tax/Net income |
% |
|
|
|
Proft after tax/Total Assets |
% |
6.28 |
|
|
Profit after tax/Owners’ Equity |
% |
17.8 |
|
Operating Plan 2011:
|
Items |
Unit |
Plan 2011 |
|
Charter capital |
VND |
124,999,900,000 |
|
Revenue |
VND |
420,000,000,000 |
|
Profit before tax |
VND |
34,400,000,000 |
|
Profit after tax |
VND |
32,000,000,000 |
|
Profit after tax/ Revenue |
% |
7.62 |
|
Profit after tax/ Charter capital |
% |
25.60 |
|
Dividend payment/ Charter capital |
% |
higher than or equal to 15% |
3. Report of Supervisory Board.
4. Profit distribution and Dividend payment 2010:
|
Items |
Unit |
Realized in 2010 |
|
Net income |
VND |
336,513,928,163 |
|
Profit before tax |
VND |
30,830,772,128 |
|
Profit after tax |
VND |
28,486,070,843 |
|
- Reserve Fund for charter capital supplement |
VND |
1,424,303,542 |
|
- Financial Reserve Fund |
VND |
1,139,442,834 |
|
- Bonus and Welfare Fund |
VND |
4,842,632,043 |
|
- Investment and Development Fund |
VND |
1,139,442,834 |
|
- Other funds |
VND |
1,139,442,834 |
|
- Dividend payment |
VND |
11,807,790,000 |
|
Retained Earnings |
VND |
6,993,016,756 |
5. The BOD is authorized to select the auditor for Financial Statement 2011
6. Remuneration for the BOD, Supervisory Board, Management Board and Bonus for Employees in 2010 and Plan in 2011:
- Bonus and Welfare Fund for Employees: 10% of profit after tax
- Remuneration and Bonus for the BOD, Supervisory Board and Management Board: 5% of profit after tax
Premium bonus for the BOD, Supervisory Board and Management Board: 15% of extra profit.
7. Amendment in Company’s charter.
8. Suplementing Directors to the BOD of 2007-2012 term as following list:
- Mr. Duong Duc Chinh
- Mr, Hoang Xuan Chinh
- Mr. Nguyen Nhan Nghia
- Ms. Nguyen Thi Tuong Vi
9. The BOD is responsible for carrying out these tasks.
hnx
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