NBB Investment Corporation announced the resolution of the 2011 annual general meeting on April 27, 2012:
-
The
Meeting approved the report of the Board of Directors in 2011
-
The
Meeting approved the financial statements and the adjustment of profit
distribution in 2011:
+
Total
revenue: VND
412,784,701,677 reach 65.00% of the plan
+
Profit
before tax: VND 102,492,370,013
reach 47.23% of the plan
+
Profit
after tax of parent company: VND
69,590,280,214 reach 43.49% of the plan
-
The
Company’s profit after tax was distributed as follows:
+
Financial
reserve fund: VND 2,754,816,499
+
Bonus
fund: VND 4,123,845,174
+
Welfare
fund: VND 3,734,000,000
+
Dividend
to shareholders: VND
24,416,960,000 (VND1,600/share)
+
Dividend
of preferred stock: VND3,900,000,000
(VND1,500/share)
+
Remuneration
of the BOD and the Board of Supervisors: VND 700,000,000
+
Retained
earnings: VND 29,960,658,541
-
The
Meeting approved reports of the Board of Supervisors in 2011.
-
The
Meeting approved business plan for 2012:
- Targets for 2012:
+
Total
revenue: VND780.87 billion
+
Profit
before tax: VND288.86 billion
+
Profit
after tax: VND216.64 billion
2. Plan for profit
distribution in 2012:
+
Financial
reserve fund: 0%
+
Bonus
fund: 5%
+
Welfare
fund: 5%
+
Dividend: from 16% to 20%
+
Remuneration
of the BOD and the Board of Supervisors: 1%
-
The
remaining profit will be added to production development fund and retained
earnings
-
The
Meeting approved the policy invite for investment co-operation.
-
The
Meeting approved bonus for exceeding the plan profit for the year 2012:
-
If
the profit after tax exceed by the 2011 Annual shareholders Meeting for
approval, the Meeting will be agree bonus to as below:
-
Exceed
by 20% of plan: bonus to 10% of the exceeded profit amount(1)
-
Exceed
by over 20% of plan: bonus as at (1) plus 20% of the exceeded profit amount
-
Above
bonus will be distributed to:
+
Employees:
25%
+
Board
of Directors: 25%
+
The
Board of Directors and the Board of Supervisors: 50%
-
The
Meeting approved to choose of International Auditing and Financial Consulting
Co., Ltd (IFC) to audit financial statements in 2012
-
The
resignation Mr. Tran Quang Trinh from a member of the Board of Directors
according to his personal aspiration.
-
The
Meeting approved BOD Chairman, would concurrently hold the post of CEO in 2012.
-
This
resolution takes effect from April 27, 2012.
