Savimex Corporation announced the resolution of the 2012 Annual General Meeting held on April 12, 2012 as follows
- The meeting approved the report of Savimex’s CEO on business operations in 2011:
- Export: US$ 18,253,672, accounting for 130% of year plan (Export plan for 2011: US$14,000,000). Revenue from export: VND 378,956,923,448.
- Total consolidated revenue: VND 486,438,053,344
- In which: + Parent company (Savimex): VND 481,397,146,055
o + Subsidiary (SAVI Furniture JSC): VND 5,040,907,289
- The meeting approved the 2011 financial statements of Savimex audited by IFC. Here are some main items
- Revenue from services and sales: VND 462,011,075,551
- Net revenue: VND 461,960,159,895
- Gross profit: VND 61,740,451,260
- Net profit: VND 978,133,557
- Other profit: VND 7,082,547,611
- Profit and loss from joint ventures: VND 35,140,115
- Total profit before tax: VND 8,095,821,283
- Profit after tax: VND 7,538,958,759
- The meeting approved the business plan for 2012:
- Total net revenue: VND625 billion.
- In which:
- Revenue from export: VND 409.5 billion
- (equivalent to US$19.5 million in export, the temporary exchange rate: 21,000 VND/US$)
- Domestic revenue: VND 208 billion
- Including: + Interior furniture: VND 34 billion
o + Trade in packing: VND 70 billion
o + Trade in real estate: VND104 billion.
- Other income: VND 7.5 billion
- Profit before tax: VND 18,376 billion
- Profit after tax: VND 13,782 billion
- Dividend (% on par value): 10%
- The meeting approved the document dated April 03, 2012 by the Board of Directors on profit distribution, dividend payment, funds and expenses for the Board of Directors, the Board of Supervisors in 2011; Plan of profit distribution, dividend payment (10%/par value) and funds in 2012; approved the operating expenses for the Board of Directors and the Board of Supervisors in 2010: 0.25% on net revenue.
- IFC continues to be elected as the auditing company for Savimex in 2012.
- The meeting approved the document dated April 03, 2012 by the Board of Directors on the implement project at District 7, HCMC
- The meeting approved the document dated April 03, 2012 by the Board of Directors on the land at Hiep Thanh, District 12, HCMC
- The meeting approved the document dated April 03, 2012 by the Board of Directors on withdrawing capital at Tuyen Lam –Da Lat
- The meeting approved the document dated April 03, 2012 by the Board of Directors on the dissolving of Building Services Management and to transfer the management function to Construction & real estate Center.
- The meeting approved the document dated April 03, 2012 by the Board of Directors on the dissolving of SAVI Furniture JSC
- Amending the company’s regulation
- The meeting recognized the election result of 02 members to the Board of Directors and 01 member to the Board of Supervisors, in the term 2012 – 2015:
- 02 new members of the Board of Directors: Mr. Bui Ngoc Quoi, Mr. Louis T Nguyen.
- 01 new member of the Board of Supervisors: Mr. Ms. Khong Kim Mai
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