Bien Hoa Sugar J.S Company plans to diversify its business activities

03:03, 26/03/2007

(ĐN)- At Bien Hoa Sugar Joint Stock Company’s 2007 annual shareholders meeting, the company reported a turnover of approximately VND768 billion (up 11 percent compared to the year target), a before-tax profit of more than VND51.5 billion (up 70 percent) and a paid dividend of 20 percent.

(ĐN)- At Bien Hoa Sugar Joint Stock Company’s 2007 annual shareholders meeting, the company reported a turnover of approximately VND768 billion (up 11 percent compared to the year target), a before-tax profit of more than VND51.5 billion (up 70 percent) and a paid dividend of 20 percent. Accordingly, it contributed VND82.6 billion to the state budget, a double increase compared to the plan. Currently, a worker has a monthly average income of VND2.8 million.

 

This year, the company expects to gross VND603 billion in revenue and VND52.536 billion in before-tax profit and a paid dividend of 18-20 percent. To achieve this target, the company plans to develop sugarcane raw material area in Tay Ninh province and in areas bordering Cambodia. Besides, Bien Hoa Sugar Company also plans to diversify its business interests into real estate, depot, etc.

   

In the first quarter of 2007, the company has exported 5,000 tones of sugar to neighbor countries, equal to 2006 figure. It is estimated to export 15,000 tones of sugar in 2007.

Reported by Kim Loan