TAS adjusts business year plan

Trang An Securities Joint Stock Co (coded TAS) has released the management board’s resolution about adjusting the 2011 profit plant from gaining pre-tax profit of 6 billion dong to negative 40 billion dong.

The resolution showed that due to slumping trend in stock markets, the company had to deal with much difficulty while doing business. Therefore, the company’s management board decided to adjust the targeted year plan.

Accordingly, the targeted whole-year net revenue has been lowered from 38 billion dong to 8 billion dong, business costs up from 32 billion dong to 48 billion dong, resulting in changes in pre-tax profit from 6 billion dong to negative 40 billion dong.

 

Category: Stocks