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DRC: Resolution No.10 of the Board of Directors
Danang Rubber JSC (HOSE: DRC) announced Resolution No.10 of the Board of Directors dated October 20, 2011:
1. Profit and loss:
Profit and loss in the first nine months of 2011 (not audited):
|
Item |
9 months of 2011 |
Compared to Plan 2011 |
|
Production value |
628.40 billion dongs |
69.00% |
|
Revenue |
2,009.70 billion dongs |
85.50% |
|
Profit before tax |
184.80 billion dongs |
92.40% |
|
Profit after tax |
138.60 billion dongs |
92.40% |
Profit and loss in Quarter 4/2011 and entire 2011 (Estimated):
|
Item |
Quarter 4/2011 |
2011 (Estimated) |
|
Production value |
211.60 billion dongs |
840.00 billion dongs |
|
Revenue |
650.30 billion dongs |
2,660.00 billion dongs |
|
Profit before tax |
40.20 billion dongs |
225.00 billion dongs |
|
Profit after tax |
30.15 billion dongs |
168.75 billion dongs |
2. Construction projects:
• Project “Moving Bicycle & Motorbike Tire and Tube Enterprise”
• The last works of the project has been completed promptly, finished in October and checked and taken over in 2011
• Project “Moving Bicycle & Motor Tire and Tube Enterprise” (The remaining of enterprise)
• To ensure the period of transferring the remaining premise to the City in late June 2013, the Board of Directors asked the project management unit to promptly fulfill necessary procedure
• Project “Radial Tire Factory with a capacity of 600,000 tires a year”
• The Board of Directors asked the project management unit to require the contractor to compensate for the lateness of project progress (Late 1.5 months).
HOSE
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