CSG’s 2012 pre tax profit targeted to fall 25pct from 2011

06-Jan-2012 Intellasia | DVT | 6:25 PM Print This Post

Saigon Cable Joint Stock Co (CSG)’s director board has recently agreed a business and production plan in 2012 whereby the company estimated revenue at 400 billion dong in 2012 and pre tax profit at 30 billion dong, down 25 percent from 2011′s plan.

The company also plans to pay 2012 dividend at 10 percent.

It is expected that in the first quarter of 2012, CSG will buy back 20 percent treasury shares, equalling to over 5.9 million CSG shares. In addition, the company also estimated to spend about 30 billion dong on capital contribution investment plan in 2012.

After the first 10 months of 2011, CSG posted revenue of nearly 220 billion dong, or 46 percent of the year’s plan and pre tax profit was 19.7 billion dong, or 49 percent of the year’s target.


Category: Business

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