Duc Giang Corporation (MGG) achieves profit target in 2017

The Duc Giang Corporation (Dugarco), one of Viet Nam’s leading garment enterprises, aims to earn VND3.3 trillion (US$144 billion) in revenue and VND48 billion in profit this year.

The company earned a total revenue of VND2.9 trillion in 2017, up 7 per cent year-on-year and fulfilling 98 per cent of its annual target. Last year’s profit was estimated at VND45 billion, meeting the profit target set for the whole year.

Duc Giang’s Board of Directors (BoD) plans a dividend payment of 35 per cent last year, equivalent to VND25.12 billion.

The firm’s BoD also plans to hold the 2018 annual shareholder meeting on April 20.

bizhub

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