Phuoc Hoa Rubber Joint Stock Co (coded PHR) announced gaining total revenue of over 1.039 trillion dong, pre-tax profit of 344.34 billion dong, fulfilling 104.35 percent of the adjusted year plan. The company’s profit after tax was estimated at 260.6 billion dong, equal to ratio of profit over chartered capital of 42.35 percent.
Last year, the company reported to produce over 24,092 tonnes of latex, equivalent to 104.57 percent of the year plan. PHR’s total latex output was posted at over 32,393 tonnes with the average sales price of 31.86 million dong per tonne.
In 2010, the company planned to reach total production output of 21,500 tonnes of latex, gaining total revenue of 731 billion dong, pre-tax profit of 277 billion dong and dividend payment of 18 percent.
At present, the company has registered to purchase 200,000 fund shares in order to increase the total stock share volume after the transaction of over 1.17 million shares.