Thu Duc Housing targets 36% growth rate

Friday, April 18, 2008
Thu Duc Housing Development Joint Stock Co (coded DTC)'s annual shareholders' meeting recently passed the 2008 business plan with nearly 363.3 billion dong in net revenue, up 35.8% yoy and 182.3 billion dong from after tax profit, rising 10.8% against 2007.
As for the parent company or Thuduc House, the targets will be 299.9 billion dong in revenue, 165.5 billion dong from after tax profit and pay a dividend of 18%.
Last year, Thuduchouse reached 267.5 billion dong in revenue and 164.5 billion dong from after tax profit and the figures of the parent company were 251.2 billion dong and 140.28 billion dong respectively.
The company plans to pay dividend of 20%, of which 10% in cash and 10% in shares.