SMC targets profit of 80b dong in 2012

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SMC targets profit of 80b dong in 2012

Written by Dailynews.vn Monday, 12 December 2011 19:22

Nguyen Ngoc Anh, general director of SMC Investment Trading Joint Stock Co (coded SMC) has lately released that the company estimated to gain 2011 total revenue of 9.1 trillion dong and after tax profit of 77-78 billion dong. The company has lately set up primary business plan for 2012 with expected production output of 580,000 tonnes, bringing in total revenue of 9.6 trillion dong and after tax profit of 80 billion dong. In the latest resolution approved by the management board, the company announced to pay 2011 dividend in shares at applied ratio of 20 percent. The company's new steel mill has already been put into operation since early 2011 with 2/3 of designed capacity of 120,000 tonnes per year.