CEE: Board approves to take bank loan at BIDV Vinh Long
CII Engineering and Construction JSC announces the Board resolution dated May 29, 2019 as follows:
1. The Board of Directors approved the business plan for 2019 with the following main targets:
Item
Plan for 2019
(million dongs)
Net revenue
998.670
Cost of goods sold
937.732
Gross profit
60.938
Financial income
74.665
Financial expense
72.832
Administrative expense
18.504
Net profit
44.267
Corporate income tax
8.853
Profit after tax
35.414
2. The Board of Directors approved the borrowing, guarantee, opening of L/C at BIDV – Vinh Long Branch.
- Total credit limit: 1,000,000,000,000 dongs
- Purpose: to raise the working capital, guarantee, open L/C.
- Time of borrowing: 12 months.
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