Tran Van Phuc, chair of management board of Thieu Nien Tien Phong Plastic Joint Stock Co (coded NTP) has said that although the real estate and construction material market has faced many difficulties, the company’s production chains have been in stable operation mode. With the current consumption situation, NTP expects to fulfil the H1 targeted business plan in revenue and profit.
In Q1, the company reported gaining revenue of 561.5 billion dong, pre-tax profit of 79.7 billion dong.
The plastic producer planned to pay the remaining dividend at 10 percent in Q2. Previously, in January, NTP had advanced first round dividend at 10 percent.
By the end of March, the company’s lending cost was estimated at 14 billion dong, in comparison with that of the same period last year at 5.7 billion dong; while sales cost of 61 billion dong, up 5 billion dong year-on-year. The member companies of Southern Tien Phong Plastic Co, the joint venture in Laos and Tien Phong Packaging Joint Stock Co also reported gaining profit in Q1.