Mangan mining firm targets to reach 71b dong in 2010 revenue

Mangan Mineral Joint Stock Co (coded MMC) announced to achieve targeted revenue of 71 billion dong in 2010, pre-tax profit of 9.6 billion dong, and profit after tax of 7.2 billion dong and dividend of 18-20 percent. Last year, the company reported gaining total revenue of 27.406 billion dong, after tax profit of over 3.6 billion dong.

This year, the company announced to continue surveying, evaluating the quality and reserves of the new ores and new mines. In addition, the company will keep setting up investment plan for building fero mangan plant, carrying out application procedures for Dong Ken mine, surveying the mining potentials in Ky Tay-Ky Anh mine and other mines Laos for processing or purchasing materials from Laos.

The company planned to raise chartered capital to over 21 billion dong via issuing additional shares for existing shareholders. At present, the company has chartered capital of 12 billion dong.

Tags: Mangan Mineral Joint Stock Co, Vietnam mining, vietnam stock, Vietnam stock market

Posted by VBN on May 31 2010. Filed under Mining & Metal, Stock. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry