PAC targets a 55b dong profit this year

Thursday, May 8, 2008
The Southern Dry Cell and Storage Battery Joint Stock Co (Pinaco-coded PAC)'s shareholders' meeting recently passed this year's business plan with 1.2 trillion dong in revenue and 55 billion dong from after tax profit.
At the same time, the company also plans to offer 1.5 million more shares to the existing shareholders at the ratio of one new shares for 10 shares held in the second quarter of this year.

In the first quarter of 2008, PAC made a revenue of 297.403 billion dong from sales and service provision, up 70.03% on 2007 and 11.657 billion dong from after tax profit, a year-on-year increase of 94.87% or 5.674 billion dong.

Reportedly, last year, the company brought 989.8 billion dong in revenue and 45.032 billion dong from after tax profit, up 129% on 2006 and targeted dividend of 15%.