LBM: Resolution on business performance in Q1.2017

Lam Dong Minerals and Building Materials Joint Stock Company (LBM) announced the Board resolution dated April 15, 2017 as follows:

1.  The Board approved the business performance in Q1.2017:

1.1. Business performance in LBM:

-          Revenue: VND64.64 billion (22.92% of year’s plan)

-          Profit before tax: VND7.35 billion (18.31% of year’s plan)

Of which:

• Parent company LBM: VND6.10 billion
• Profit after tax of Hiep Thinh Phat Co., Ltd.: VND0.565 billion
• Profit after tax of LBM Dak Nong Concrete Co., Ltd.: VND0.310 billion
• 5% dividend from Hiep Thanh Company: VND0.378 billion.

1.2. Business performance in 02 subsidiaries:

-          Hiep Thinh Phat Co., Ltd.:

• Revenue: VND7.90 billion
• Profit before tax: VND0.70 billion

-          LBM Dak Nong Concrete Co., Ltd.:  

• Revenue: VND7.76 billion
• Profit before tax: VND1.05 billion

1.3. Basic depreciation: VND5.22 billion

1.4. Total wage fund: VND10.15 billion.

 The Board approved to move the concrete station of 120 m³/h in Dak Nong in Cam Ly Workshop. 

1. The Board approved to invest in trailer cars and concrete mixer cars.   
2. The Board approved the total investment for building LBM’s head office:

-          Total investment: about VND8 billion

-          Time of construction: Quarter IV.2017

-          Financial source: the Company’s capital.

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