IDJ adjusts 2011 targeted profit to 15pct of chartered capital

The IDJ International Financial Investment and Enterprise Development Joint Stock Co (Coded IDJ) released the resolution of the management board about the company’s 2011 business plan.



In 2011, IDJ set targets to reach modest profit of 10 percent of chartered capital, equivalent to after tax profit of 32.6 billion dong.



However, after receiving more opinions from the company’s management board and leaders, IDJ decided to raise the targeted after tax profit in 2011 by additional 5 percent or 48.9 billion dong.



Noticeably, the company’s shareholders disapproved about the dividend payment of 4 percent, equivalent to total value of 13 billion dong. As the results, the company passed the final decision of paying 2010 dividend at 6 percent over chartered capital. The 2010 dividend will be paid in cash.



In 2011, IDJ will add “trading real estates” in the company’s major operation sector.

Tags: Vietnam business, Vietnam stock news

Posted by VBN on Mar 22 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