HSG estimates to gain Q1 profit after tax of 154b dong in fiscal year 2009-2010

VNStockNews.com - Hoa Sen Group Joint Stock Co (coded HSG) estimated to gain Q1 profit after tax of 154 billion dong in fiscal year 2009-2010, fulfilling 26.62 percent of the year plan.

In December only, the group was expected to gain revenue of 432 billion dong and profit after tax of 48 billion dong. The accumulative revenue in first quarter of its fiscal year was posted at 1.043 trillion dong, and after tax profit of 154 billion dong.

HSG's Q1 production output would be 63,833 tonnes, fulfilling 22.24 percent of the year plan.

The company estimated to gain profit after tax in the latest four quarters of 460 billion dong, with EPS of 8,068 dong per share. In Q1 of fiscal year 2009-2010, the EPS is calculated at 2,701 dong per share.

The group has finished construction works on basic infrastructure of Hoa Sen Phu My corrugated iron factory such as workshops, the 110KV electricity station and other supporting facilities.

The group established MTV Hoa Sen Phu My corrugated iron Co Ltd with chartered capital of 100 billion dong in accordance with the business registration licence No 3501504130 issued by Ba Ria-Vung Tau Department of Planning and Investment on December 4, 2009