Habaco targets 68pct profit growth in 2011

Hanoi Battery Joint Stock Co (Habaco)’s annual shareholders’ meeting held on March 5 passed this year business and production targets with 8.5 billion dong of pre-tax profit and over 15 percent dividend payment.

Ending 2010, the company gained 155.8 billion dong of revenue and 5.07 billion dong of pre tax profit.

The company will use this profit to pay the corporate income tax (CIT) of nearly 1.17 billion dong, 600 million dong for its fund, and 17 percent dividend payment on its chartered capital, equalling to the total capital of nearly 3.36 billion dong.

In 2011, Habaco targets to bring 180 billion dong in revenue, up over 15.5 percent against 2010′s, of which, revenue from export operations was $1.4 million and revenue from imported battery consumption at $300,000, pre-tax profit at 8.5 billion dong and dividend payout at 15 percent.

Tags: Vietnam business

Posted by Loraaxose on Mar 9 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