Song Da Corp has recently announced fulfilling the year's business and production targets with 20.87 trillion dong of total business and production value, 18.715 trillion dong of revenue and 2.055 trillion dong of pre tax profit.
Almost all subsidiaries of Song Da family fulfilled and exceeded 2009's business and production plan.
In particular, Song Da Industrial Zone and Urban Investment Development Joint Stock Co posted 823 billion dong of profit, achieving 221 percent of the year's plan, Vietnam-Italy Steel Co (240 billion dong, achieving 947 percent), Song Da JSC No 9 (SD9) (148 billion dong, fulfilling 189 percent), Can Don hydropower (109 billion dong, or 168 percent), Song Da JSC No 10 (SD10) (105 billion dong or 147 percent), Song Da Finance JSC (80 billion dong, or 170 percent ), Song Da Urban Development and Construction Investment Joint Stock Co (62 billion dong or 170 percent), Song Da JSC No 5 (57 billion dong or 105 percent) and Song Da JSC No 7 (55 billion dong or 110 percent).
The corporation and its subsidiaries reportedly are studying many projects such as 13 hydropower projects, two industrial production projects in the northern city of Hai Phong, 12 urban and housing projects for low incomer earners in Hanoi, HCM City, Dong Nai, Hai Phong and Thai Nguyen, two mineral exploitation projects in Thanh Hoa northern province and Burma, two transport projects and one industrial zone project.
In 2010, Song Da Corp also targets to reach 23.7 trillion dong of total business and production value, growing 14 percent against 2009, 20.5 trillion dong of revenue, one trillion dong of tax payment and 1.2 trillion dong of profit.
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