Song Da 909 offshoot targets 68pct profit growth in 2011

Song Da 909 Joint Stock Co (S99) has recently announced the resolution of its annual shareholders’ meeting that will be held on February 25, 2011 to pass this year business plan.



Accordingly, in 2011, S99 targets to gain 226.8 billion dong of revenue, growing 87.2 percent against the 2010′s actualised figure and pre tax profit growth at 67.4 percent to reach 38.3 billion dong.



Ending 2010, S99 reported gaining 22.97 billion dong profit, fulfilling 89.2 percent of the year’s target, of which, the figure in Q4 2010 alone was 4.47 billion dong.



After the trading session on March 7, S99-coded shares gained 100 dong (0.7 percent) to 14,200 dong per share with the total trading volumeof 14,600 shares.

Tags: Vietnam business, Vietnam stock news

Posted by chrisbentleey on Mar 8 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