Hanel plastic firm aims to reach net profit of 10.5b dong

Hanel Plastics Joint Stock Co (HPC) has lately released the 2011 business plan with targeted revenue of 250 billion dong, pre-tax profit of 14 billion dong, after tax profit of 10.5 billion dong and dividend payment at 15 percent ratio.



The company also planned to officially list shares on Hanoi Stock Exchange (HNX) in Q2 of 2011.



According to the 2010 audited business results, HPC reported gaining total revenue of 244.42 billion dong, fulfilling 181.05 percent of the year plan; after tax profit of 6.96 billion dong or 106.58 percent of the year plan. The company would pay 2010 dividend at 12 percent.



As one of the companies that were established early in Hanoi with initial capital of 5.5 billion dong, up to now, Hanel Plastics JSC has chartered capital of 50 billion dong, of which Hanel one-member Co Ltd holds 56.2 percent of the total.

Tags: Vietnam enterprises

Posted by VBN on Mar 29 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