Sadico Can Tho targets to reach whole year profit of 16b dong and dividend of 30pct

In the latest annual shareholders meeting, the shareholders of Sadico Can Tho Joint Stock Co (coded SDG) have already approved for 2011 profit plan of 16 billion dong and dividend rate of 30 percent.



The company also approved for targeted revenue of 215 billion dong in 2011.



Last year, SDG reported gaining revenue of 231.5 billion dong, after tax profit of 31.8 billion dong and dividend payment of 30 percent in cash. Previously, the company has advanced first round dividend of 20 percent in December 2010 and the rest 10 percent was supposed to be paid in April.



The unallocated profit by the end of 2010 was posted at 12.16 billion dong. The company planned to use it as working capital and supplementing for dividend payment purposes in 2011.

Tags: Vietnam business news

Posted by VBN on Mar 23 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