Vietnam Daily News

Rubber firms report business results for Jan-November period

Written by Dailynews.vn Monday, 12 December 2011 19:16

The two rubber producers of Tay Ninh Rubber Joint Stock Co (coded TRC) and Hoa Binh Rubber Joint Stock Co (HRC) have released the business reports in November and in the first eleven months of 2011. Up to the end of November, TRC reported gaining accumulative profit of 520 billion dong. The company has lately set up 2012 business plan with expected production output of 11,200 tonnes of latex, export volume of 9,200 tonnes and domestic sales volume of 6,400 tonnes, bringing in total revenue of over 1.196 trillion dong. From January 1, 2012, the rubber firm would kick off the rubber tree plantation project in Cambodia in an area of 7,600 hectares with expectation of completing the project within 3-4 years. The company has got investment licence for this project for up to 70 years. Banh Manh Duc, representative of Hoa Binh Rubber Joint Stock Co (coded HRC) has lately revealed that the company has produced 453 tonnes of latex in November, processed 845 tonnes and consumed 588.7 tonnes. With such results, the company reported gaining November revenue of 52.5 billion dong, raising the accumulative revenue in first eleven months to 598 billion dong, surpassing the targeted year plan. HRC's leaders have lately considered seeking for approval among the shareholders for raising the dividend payment rates.

Source: www.intellasia.net/news/articles/business/111350539.shtml