The management board of An Giang province-based Sao Mai Investment and Construction Joint Stock Co (coded ASM) plans to seek approval among the shareholders in the coming annual general meeting to be held on May 12, 2012. In details, the company aims to obtain whole year revenue of 1.31 trillion dong and after tax profit of 133.44 billion dong in 2012. The company would pay dividend at 20 percent in cash this year.
In 2012, ASM targets to get approval for carrying in out 9 new projects after arranging the capital sources. These projects included the new urban area in Ward 10, My Tho, Tien Giang province, South Tran Hung Dao-Sao Mai urban area in Hoa Binh province, Thien Canh Son resort villas in Tinh Bien, An Giang province, Tra Su Mount Tourism Area in Tri Ton, An Giang province, IDI Industrial Complex and International Port in Lap Vo, Dong Thap, the trade centre and recreation complex in Tinh Bien International Border Gate, Tinh Bien, An Giang, Sao Mai and Binh Khanh 4 high-end urban area in Long Xuyen, An Giang, Sao Mai residential quarter in My Tan Commune, Cao Lanh Dist, Dong Thap province and Sao Mai International Hospital in Long Xuyen City.
Last year, the company reported gaining 873.61 billion dong in revenue and 66.49 billion dong in after tax profit.