Mineral group targets to reach whole year profit of 30b dong

Hamico Mineral Group Joint Stock Co (coded KSH) aimed to obtain whole year revenue of 100 billion dong, after tax profit of 30 billion dong and dividend payment of 25 percent.

The company expected to make profit from the joint venture project with Bac Giang Mineral Mining and Processing Co.

In the coming time, the company will start investment in constructing second production line of steel fibre factory, upgrading the capacity of the current mineral processing plant.

Last year, KSH reported reaching total revenue of 77 billion dong, fulfilling 77 percent of the year plan; after tax profit of 26 billion dong, surpassing 4 percent of year plan. The company planned to pay dividend at 20 percent ratio.

Tags: Vietnam business, Vietnam companies

Posted by quarynuatrial on Mar 7 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