Vinpearl’s targets growth of 356pct in profit in 2011

The southern bourse-listed Vinpearl Joint Stock Co (coded VPL) has lately approved the 2011 business targets with total revenue of 1.949 trillion dong, after tax profit of 545.6 billion dong, increasing by 73 percent and 356.5 percent respectively against that of 2010



In addition, in the annual shareholders meeting held last weekend, the company’s shareholders also passed the plan of not paying 2010 dividend but using all the after tax profit of 130 billion dong for supplementing working capital.



Vinpearl planned to finish construction works on infrastructure facilities of Vinpearl Nha Trang Luxury Resort for putting into operation in time in May 2011. This will be the first five-star international hotel in Vietnam so far. At the same time, the company also officially inaugurate the nine-hole Vinpearl Nha Trang golf course.



The company also agreed to push up implementation process of Vinpearl Da Nang Villa and Hotel Complex and Vinpearl Hoi An ecological tourism area for starting operation early.

Tags: Vietnam business news, Vietnam enterprises, Vietnam stock news

Posted by VBN on Apr 6 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