Saigon Fuel Company announced the resolution of the Board of Directors as follows:
-Approved for reports:
- Report of the Board of Directors on the profit and loss in 2011 and business plan for 2012.
- Report of the Board of Supervisors
- Report on the audited financial statements in fiscal year 2011.
- Report on the 2011 profit distribution
+ Profit before tax: VND39,133,454,017
+ Income tax: VND9,623,043,998
+ Bonus fund for the Board of Directors, the Board of Supervisors: VND317,263,248
+ Profit distribution: VND4,247,147,694
- Dividend : VND16,432,604,800
- Approved for the business plan for 2012:
+ Total income: VND1.909 billion
+ Profit before tax: VND24.70 billion
+ Income tax: VND6.2 billion
+ Dividend: 18% of charter capital
+ Payment dividend in cash: 8% of charter capital; payment date: expected in quarter 2/2012.
+ Payment dividend in stock: 10% of charter capital; payment date: expected in quarter 2/2013.
- Remuneration of the Board of Directors, the Board of Supervisors in 2012: VND832 billion.
- Bonus fund of the Board of Directors and the Board of Supervisors: 1% of profit after tax and 3% of the exceeded profit.
- Approved to choose a auditing firm for fiscal year 2012 in 3 auditing firm: (A&C, AASC, VIETVALUES)
- Approved for transfer and investment cooperation department project, 105 Le Loi Street, Ward 3, Go Vap District.
- Approved for transfer and investment cooperation office building project, 1A Pham Ngoc Thach Street, Ben Nghe Ward, District 1.
- Approved to establish company limited.
- Approved for Mr. Pham Xuan Tai was appointed as a Member of the Supervisory Board as from April 21, 2012.
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