Hang Xanh Automobile Services Joint Stock Co (coded HAX) held the annual general meeting (AGM) on May 8, 2012. In the meeting, the shareholders have approved the 2012 targeted year plan with total revenue of 995.5 billion dong, pre-tax profit and after tax profit of 18 billion dong and 13.5 billion dong respectively. The company plans to pay dividend at 10 percent.
This year, the company would spend 3.4 billion dong for investment activities.
Last year, HAX reported gaining whole year net revenue of 895.8 billion dong and after tax profit of negative 10.8 billion dong. The company decided not to pay 2011 dividend.
HAX had issued over 4 million shares in 2011, raising the chartered capital to 111 billion dong.
In the meeting, the company’s shareholders have authorised the management board to seek additional strategic partners or offload shares at Can Tho Automobile Mechanical Joint Stock Co.