Phuoc Hoa Rubber Joint Stock Company (PHURUCO) disclosed the BOD’s resolution as follows:
1.
The business results in first 6 months 2012:
Business
results:
-
Exploitation production: 6,499.941 tons of dry rubbers
(33.33% of the plan)
-
Collection production: 3,575.268 tons of dry rubber
-
Sales: 11,588.965 tons
-
Average price: 73,409,271 dongs/ton
-
Total revenue: 855.949 bil. dongs
-
Estimated profit: 342.6 bil. dongs – 67.17% of the plan
-
Paying to State budget: 50.009 bil. dongs
a.
Results of subsidiaries and projects:
-
Truong Phat Rubber Corporation(*) produced 15,731.58m3
workpiece wood and sold 15,141.35m3. Revenue reached 116.28 bil. dongs and
profit after tax was estimated at 8.75 bil. dongs (75.03% of the plan).
-
Phuoc Hoa Kampong Thom Rubber Development Co. Ltd.(*):
planted 1,200/2,000ha new rubbers (60%) and cared 5,063.19ha.
-
Dak Lak Rubber Project: the company made a plan to plant
rubber on 200ha in 2012.
-
Tan Binh
Industrial Park: met shareholders and
registered business license.
-
In 6 months 2011, the company invested 95.5 bil. dongs into 3
projects: 86.1 bil. dongs for Cambodia Rubber Project, 5 bil. dongs for Dak Lak
Rubber Project and 4.4 bil. dongs for Ngoc Linh Hydroelectric Project.
b.
Others: dissolving Vinh Binh Rubber Farm, merging Bo La Rubber
Farm and Hoi Nghia Rubber Farm; appointing a new Deputy CEO.
2.
Plan for quarter 3/2012:
a.
Exploitation production: 32% of the plan, 6,240 tons of dry
rubber
b.
Sales: 7,500 tons of latex in finished goods
c.
Collection: adjusting the collected price in the fluctuation
d.
Profit: 30 bil. dongs in the quarter 3
e.
Loans: finding the mid-term loans with reasonable interest.
Pushing the Cambodian banks disburse loans
f.
Other projects: finishing processes to reach targets.
3.
The 2013 targets: 19,000 tons of dry rubber for exploitation
production; 7,000 tons of dry rubber for collection production and 600ha for
replanting.
4.
Others:
a.
Choosing AASC for the 2012 audited financial statements.
b.
Appointing Mr. Tran Hoang Giang to replace Mr. Huynh Kim Nhut
into secretary of the BOD.
c.
Assigning the Management Board to borrow loans.
(*) Temporary translation
