TNA reports gaining Q1 profit of 18b dong

The southern bourse-listed Thien Nam Trading and Export-Import Joint Stock Co (coded TNA) has estimated to reach Q1 pre-tax profit of 18 billion dong, twice as much as the same period last year, and fulfilling 38.7 percent of the year plan.



In the latest annual shareholders meeting, the company has released the 2010 business results with total revenue of 882.12 billion dong, surpassing 35.71 percent against the year plan; pre-tax profit of 92.87 billion dong, surpassing by 132.18 percent. TNA has already paid 2010 dividend in cash at 25 percent. By the end of 2010, the company had 119.82 billion dong of capital surplus, financial standby fund and fund for investment and development, while its chartered capital was posted at 80 billion dong.



This year, the company targeted to gain total revenue of 950 billion dong, pre-tax profit of 46.5 billion dong and pay dividend in cash and shares with applied ratio of 25 percent.



At the beginning of 2011, TNA purchased a land plot with total area of 7,600 square metres to build a steel trade centre near the National Highway No 1A, Ben Luc Dist, Long An province with total investment capital of 40 billion dong. The trade centre was expected to be put into operation in Q3 of 2011.

Tags: Vietnam companies

Posted by VBN on Mar 31 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