Casumina aims to gain 56.8b dong in Q4 profit

VNStockNews.com - Southern Rubber Industry Joint Stock Co (Casumina— coded CSM) has planned to reach total Q4 revenue of 600 billion dong, after tax profit of 56.87 billion dong, and 2009 progressive revenue of 2.407 billion dong and accumulative profit of over 282.85 billion dong.

In the first nine months of this year, the company reported to gain total industrial production value of 880.14 billion dong, equal to 101% of the year plan, the total revenue of more than 1.807 trillion dong, surpassing about 6% of the year plan. There was a sharp increase in the company's pre-tax profit to 258.26 billion dong, about 5.16 times higher than the proposed plan and its total accumulative investment value in Jan-Sep of 19.71 billion dong.

In Q3 only, Casumina estimated to gain over 700 billion dong of revenue, equivalent to 41.05% of the year plan, in which the company's production value was posted at 346.14 billion dong or 39.7% and pre-tax profit of 138 billion dong, surpassing 176.18% of the year plan.

With the impressive business results in July-Sep, the company's management board decided to set targets of gaining total production value of 300 billion dong in Q4, and investment value of 56.79 billion dong.

In addition, the company's leaders also approved the project of establishing a joint venture in the field of carbon coal production with Phillips Carbon Black that is expected to put into trial operation in Q3 of 2011, carrying out construction on Casumina office building at No 180 Nguyen Thi Minh Khai St, Dist 3, HCM City.