Truong Hai Automobile targets 2008 dividend of 45%

Tuesday, May 6, 2008
Truong Hai Automobile Joint Stock Co's shareholders' meeting recently passed the business plan this year with over 6.98 trillion dong in revenue, 554.411 billion dong from after tax profit and planed to pay 2008 dividend of 45%.
The shareholders' meeting also reported business result last year with 2.692 trillion dong in revenue, 244.82 billion dong from after tax profit and EPS was 4,780 dong per share.
The company would pay dividend of 19% in cash and 12% in shares for the second phase of 2007.
This year, Truong Hai Co plans to invest in large-scaled automobile installing and manufacturing complex in Chu Lai open economic zone and develop spare part manufacturing mills and showroom system.