An Phat Plastic maker expects 2011 profit of 88b dong

After collecting the shareholders’ opinion in documents, the shareholders of An Phat Plastic and Green Environment Joint Stock Co (coded AAA) have lately approved for authorising the management board to purchase back the company’s convertible bonds and fulfil the 2011 profit targets of 88 billion dong.



The company’s shareholders have passed the plan of using total capital of 54 billion dong out of the raised capital from hiking chartered capital from 99 billion dong to 189 billion dong for purchasing back the convertible bonds, in accordance with the company’s commitments stated in the contract of purchasing the convertible bonds signed on April 13, 2009.



At the same time, the company agreed to pay 2010 dividend in cash at applied ratio of 20 percent in May 2011.



This year, the company set targets to reach total revenue of 814 billion dong and pre-tax profit of 88 billion dong.

Tags: Vietnam business, Vietnam stock news

Posted by VBN on Apr 5 2011. Filed under Enterprises. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry