Hoa Binh rubber firm adjusts to hike 2011 business targets

The management board of Hoa Binh Rubber Joint Stock Co (coded HRC) has recently approved the adjustment in 2011 business plan



Accordingly, the company decided to raise the targeted pre-tax profit from 80 billion dong to 109.2 billion dong, up 36.5 percent against the previously released year plan; after tax profit from 68.26 billion dong to 95.27 billion dong, up 39 percent and dividend payment from 20 percent to 25 percent.



The company adjusted the total production output to 3,000 tonnes, and targeted sales volume of 4,300 tonnes, increasing by 200 tonnes. The average consumption price would be raised from 38.49 million dong per tonne to 49.23 million dong per tonne, and sale price from 50 million dong to 37 million dong per tonne

The targeted year plan was supposed to be approved among the shareholders in the coming annual meeting to be held at 8:00 on April 8, 2011 in the company’s head office located in Hamlet 7, Hoa Binh Commune, Xuan Moc Dist, Ba Ria-Vung Tau province.

Tags: Vietnam business 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