VFR: Board Resolution

Nov 16th at 17:55
16-11-2011 17:55:59+07:00

VFR: Board Resolution

Transport and Chartering Corporation (HNX: VFR) announces Board Resolution approved on 04/11/2011 as follows:

1. Operating result in the first 9 months of 2011 and operating plan of Management Board for the remaining months of 2011

- Operating result in the first 9 months of 2011:

Unit: VND billion

Main targets

Realized in the first 9 months of 2011

Compared to 2011 plan

Realized in the first 9 months of 2011

Plan of 2011

%

Realized in the first 9 months of 2010

%

Revenue

447.97

524.97

85.33

198.46

226

Expenses

340.47

394.67

86.27

164.15

207

Profit before tax

107.50

130.35

82.47

12.32

873

Profit after tax

67.50

90.35

74.71

10.54

640

- Plan for the remaining 3 months of 2011 and directions for 2012

2. Restructuring ship team, liquidating old ships and some ships operating ineffectively

3. Statement of General Manager on not implementing 71 ha projects in Trang Cat Commune, Hai An district, Hai Phong city. The reason is that this project is complicated and the Company doesn’t have ability of finance.

HNX



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