Tan Dai Hung Plastic producer reports performance

Tuesday, May 27, 2008
Tan Dai Hung Plastic Joint Stock Co recently reported that last year it gained 8.677 tonnes of plastic in output bringing in the total revenue of 290.146 billion dong and 8.776 billion dong in after-tax profit. The figures are expected to reach 7,000 tonnes, 243 billion dong and 21.1 billion dong this year.

Out of the after-tax profit of 8.776 billion dong, 438.810 million dong will be added to the company's finance preventive fund, 877.620 million dong for welfare fund, 7.28 billion dong will be shared under a dividend of 7% in cash to the shareholders and the unallocated 176.776 million dong will be transferred to 2008.

In addition, the company will offer 10.4 million shares worth 104 billion dong from the surplus capital to existing shareholders with a ratio 1:1 whereby total shares will be 20.8 million shares.