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CEE: Board approves to take bank loan at BIDV Vinh Long

Jun 3rd at 14:17
03-06-2019 14:17:51+07:00

CEE: Board approves to take bank loan at BIDV Vinh Long

CII Engineering and Construction JSC announces the Board resolution dated May 29, 2019 as follows:

1. The Board of Directors approved the business plan for 2019 with the following main targets:

Item

Plan for 2019

(million dongs)

Net revenue

998.670

Cost of goods sold

937.732

Gross profit

60.938

Financial income

74.665

Financial expense

72.832

Administrative expense

18.504

Net profit

44.267

Corporate income tax

8.853

Profit after tax

35.414

 

2. The Board of Directors approved the borrowing, guarantee, opening of L/C at BIDV – Vinh Long Branch. 

-       Total credit limit: 1,000,000,000,000 dongs

-       Purpose: to raise the working capital, guarantee, open L/C. 

-       Time of borrowing: 12 months.

 

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