FBT not to pay 2011 dividend

Ben Tre Forestry and Aqua-products Export-Import Joint Stock Co (coded FBT) has recently announced the resolution approved in the annual general meeting. Accordingly, the shareholders have passed the plan of not paying 2011 dividend. Last year, the company reported gaining 6 billion dong of after tax profit.

This year, the company set target to reach total production output of 2,139 tonnes, bringing in revenue of 315 billion dong and after tax profit of 60.5 billion dong, ten times higher year-on-year.

By the end of Q1, FBT reached after tax profit of 1 billion dong.

In 2012, the company would focus on raising the export turnover in frozen shrimp products.

 

Category: Stocks