Southern bourse-listed Saigon Telecom Cable and Materials Joint Stock Co (coded SAM) targets to gain pre-tax profit of 231 billion dong in 2010, down 18.4 percent against 2009.
In details, there would be changes in the company's profit structure this year, with contribution from the company's traditional business sectors of 26 billion dong, from financial activities of 155 billion dong and especially, from trading real estates of about 50 billion dong.
The company plans to pay 2010 dividend of 20 percent.
On March 14, 2010, SAM will hold its annual shareholders meeting, in which the company's management board will seek opinions about paying 2009 dividend at ratio of 30 percent, with 25 percent in cash and the rest 5 percent in shares. Previously, the company had advanced 2009 dividend in cash of 1,000 dong per share.
The company's management board would collect shareholders' opinions about renaming the company into Sacom Investment and Development Joint Stock Co.
This year, SAM planned to disburse 307 billion dong for carrying out current real estate projects and improve the company's cable producing capacity from 600,000 kilometres to 750,000 kilometres.
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