Vegetable Oil Packing Joint Stock Co (VPK) has recently announced its business plan for 2012 with revenue of 285 billion dong, up 24 percent compared to 2011′s plan and after tax profit at 18 billion dong, up 44 percent from 2011′s plan.
The company also plans 2012 dividend payout at 15 percent.
VPK will pass this business plan at its AGM (annual general meeting) 2012.
The AGM is scheduled in April 2012.
After the first nine months of 2011, VPK’s revenue reached over 206 billion dong, after tax profit was nearly 20 billion dong, fulfilling 89 percent of the year’s revenue plan and 60 percent of the year’s profit target.
VPK has a chartered capital of 80 billion dong, equaling to eight million shares in circulation. Closing the trading session on January 4, 2012, VPK share price was at 6,600 dong per share.