Vegetable oil firm gains Q1 profit of 16b dong

Tuong An Vegetable Oil Joint Stock Co (coded TAC) announced to gain total revenue of 1.076 trillion dong and after tax profit of 15.8 billion dong after the first three months of this year.

In 2011, the company set targets to reach total revenue of 3.4 trillion dong and after tax profit of 50 billion dong. The dividend was expected at 16 percent, lower than that of 2010 at 20 percent.

By the end of 2010, the company reported gaining total revenue of 3.257 trillion dong, a year-on-year surge of 24 percent, surpassing by 17 percent against the year plan, but after tax profit of 104 billion dong, increasing by 280 percent over 2009, and surpassing the year plan by 108 percent.

At preset, the company has held 26 percent of total market shares nationwide

 

Category: Business