Truong Thanh Furniture Group Joint Stock Co (coded TTF) has held the annual general meeting (AGM) for approving the 2011 business results with total revenue of 3.015 trillion dong and after tax profit of 11 billion dong, equivalent to earnings per share (EPS) of 297 dong. The company decided not to pay 2011 dividend to the existing shareholders.
This year, the company aims to obtain whole year revenue of 3 trillion dong, profit of 40-59 billion dong, depending on the stockpiled products. TTF targets to retain in the list of Top 3 largest wood processing companies in Vietnam.
In the meeting, the company has also approved for allocating bonus shares at a rate of 20 percent for existing shareholders in 2012. In details, there would be 6.56 million shares to be issued in Q2 of 2012.