VTS targets 10b dong profit in 2012

15-Feb-2012 Intellasia | Thoi Bao Kinh Te Vietnam page 9 | 6:24 PM Print This Post

In the annual general meeting (AGM), the shareholders of Viglacera Tu Son Joint Stock Co (HNX-listed VTS) have approved for allocating bonus of 2 percent of total pre-tax profit for members of management board and executive board, despite the fact that the company failed to fulfil the targeted year plan in 2011.

Last year, VTS reported gaining total revenue of 82.6 billion dong and pre-tax profit of 14.8 billion dong, equivalent to 87 percent of targeted year plan. In the meeting, the company has passed paying 2011 dividend at 20 percent in cash.

In 2012, VST aimed to obtain total revenue of 82 billion dong, pre-tax profit of 10 billion dong, equivalent to 67 percent of 2011. The members of management board would get bonus of 3 percent of pre-tax profit and additional 30 percent of the value that surpasses the targeted year plan.


Category: Business

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