CCM targets 20b dong profit in 2012

01-Jun-2012 Intellasia | Dau Tu Chung Khoan page 5 | 11:31 AM Print This Post

In the annual general meeting (AGM), the shareholders of Can Tho Minerals and Cement Joint Stock Co (coded CCM) have passed the targeted year plan with whole year net revenue of 440 billion dong, pre-tax profit of 20 billion dong and dividend payment at 18%.

This year, the company would call for investment in mining the iron ore in Cambodia, and make full use of production capacity in Trang Bom grinding station so as to supply cement for the southeast region. CCM would also make capital contribution in Cosevco 6 Joint Stock Co for building the clinker furnace with capacity of 450,000 tonnes per year in Quang Binh province.

In addition, CCM would contribute capital for building Truong Son cement plant with designed capacity of 1,500 tonnes of clinker per day, or 600,000 tonnes of cement per year.

Last year, the company reported gaining after tax profit of 6.6 billion dong, equivalent to EPS of 1,122 dong.


Category: Business

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