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Mar 1, 2011

TH1 aims to reach 2011 net profit of 52bln dong

VNStockNews.com - The northern bourse-listed Vietnam National general Export-Import Joint Stock Co No 1 (coded TH1) aimed to obtain whole year after tax profit of 52 billion dong in 2011. TH1 also planned to purchase one million fund shares.


According to the audited business reports in 2010, the company reported gaining total revenue of 1.252 trillion dong, after tax profit of 56.32 billion dong and EPS of 6,161 dong. Previously, TH1 had advanced first round dividend in cash at 10 percent.

This year, the company targeted to reach total revenue of 1.291 trillion dong, pre-tax profit of 69 billion dong, after tax profit of 52 billion dong and pay dividend at 15-20 percent.

In addition, TH1 also planned to purchase one million shares as fund shares, using the sources of capital surplus, investment and development fund and other legal capital source.

The company's management board also announced to close the shareholders list on March 1 in order to hold the annual shareholders meeting on March 30, 2011.

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