Mien Nam (Southern) Rubber Industry Joint Stock Co (STC-coded CSM) has recently reported its business performance for the first two months of this year with revenue of 430.47 billion dong and profit at 28.4 billion dong.
Basing on this result, CSM estimates its revenue in March at 250 billion dong and profit at 17 billion dong, lifting the total revenue in the first quarter of this year to 680.47 billion dong, or 84.27 percent of the year’s plan and rising 3 percent year-on-year.
The company’s Q1 profit is expected at 45.4 billion dong or 151 percent of the year’s plan and 4.8 times higher than the same period last year.
Up to the present time, CSM has stockpiled sufficient raw materials for production growth in the first six months of 2012.
Reportedly, in 2011, the company reached only 2.924 trillion dong revenue and 39.26 billion dong after tax profit.
March 26 will be the ex-interest date to buy 10 million additional CSM shares priced at par (10,000 dong per share).
At the same time, the company will also close the list of shareholders to organise its AGM (annual general meeting) 2012.