Da Nang Rubber Co. reports gaining profit after tax of 390b dong

VNStockNews.com - Da Nang Rubber Joint Stock Co (coded DRC) on December 28 announced the company's business results in Q4 of 2009 as well as its plan in 2010.

Accordingly, the company estimated to gain about 1.845 trillion dong of 2009 accumulative revenue and 390 billion dong of profit.
The company got exemption from enterprise income tax in 2009.

In the coming year, DRC planned to achieve 2.1 trillion dong of total revenue and 150 billion dong of profit, in which the company targeted to reach Q1 revenue and profit of 450 billion dong and 40 billion dong respectively.

At the same time, the company's management board officially approved for the project of radial tyre factory with designed capacity of 600,000 tyres per year. It's estimated that the investment capital for that project is at approximately 2.993 trillion dong, of which the company's ownership capital was 816 billion dong or 30 percent of the total, the rest of loans from banks.

After January 4 session, DRC-coded shares rose to ceiling price of 128,000 dong per share with 143,470 units being transferred.