The Annual Meeting of Shareholders in 2013, this year, Sai Son Cement Joint Stock Company (SCJ) planned 379.4 billion in revenue, profit before tax of 7.8 billion.
The company plans to pay no dividends in fiscal 2013, due to insufficient numbers offset the interest incurred in 2012.
In 2012, SCJ revenue reached 251.3 billion, 11.8 billion loss. According to the Board SCJ, 2012, by the general pressure of the cement industry (reducing consumption, greater demand supply), so the company had to change our sales strategy and packaging design, leading to reduced revenue and profits. However, the positive activities of the company in 2012 to restructure the loan. Specifically, the SCJ has borrowed from the Environmental Protection Fund Hanoi 12.4 billion 6% interest / year of negotiations with banks suspended payment of principal, interest reduced from 24-25% / year to 15% / year and is now 13.5% / year.
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