NSC targets EPS at 6,628 dong in 2011

National Seed Joint Stock Co (NSC) has recently announced to organise its annual shareholders’ meeting on March 20 to pass this year’s business and production plans with 450 billion dong of revenue, a year-on-year rise of 15 percent, after tax profit at 54 billion dong, up 25 percent, equalling to the earnings per share (EPS) at 6,628 dong and minimum 23 percent dividend payment.



Also in 2011, the company will invest 6.8 billion dong in building 1,500 square metres of drying system and automatically processing system in Thai Binh factory. At the same time, the company will also set a side of 3 billion dong to carry out 2,5 hectare Dong Van factory.



Additionally, by the end of Q1 2011, NSC will issue 122,000 bonus shares to its employees under the Employee Stock Ownership Plan (ESOP) programme. After the share issuance, NSC’s chartered capital will be raised to 82.5 billion dong.



Ending 2010, NSC gained 391 billion dong revenue, exceeding 28 percent of the year’s plan and up 45 percent year-on-year, pre tax profit at 43 billion dong, surpassing 18 percent of the year’s target and a year-on-year rise of 29 percent. Also in 2010, the company made 23 percent dividend payout, offered bonus shares to its employees under the ESOP programme and hiked its chartered capital from 80 billion dong to 81 billion dong.

Tags: Vietnam business news, Vietnam stock news

Posted by VBN on Mar 14 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