VC1: Results of Annual General Meeting of Shareholders 2011
Construction JSC No 1 has disclosed the results of its Annual General Meeting of Shareholders
held on 07/04/2011. Participants were 93 shareholders, representing 5,323,000 shares (accounting for
71.9% of charter capital). The following resolutions were approved:
1. Report on operating result 2010 and plan for 2011, Report on profit distribution plan 2010 and
2011
1.1.
1.2.
Operating result 2010:
-
Total output:
VND 801,989 million
-
Net revenue:
VND 590,740 million
-
Profit before tax:
VND 77,418 million
+ Income tax:
VND 18,607 million
-
Profit after tax:
VND 58,811 million
-
Dividend payout ratio:
VND 13.320 million
Operating plan 2011:
-
Total output:
VND 900,000 million
-
Revenue:
VND 700,000 million
-
Profit before tax:
VND 90,000
+ Income tax2011:
VND 22,500
-
Profit after tax:
VND 67,500
-
Dividend payout ratio:
16%
-
Average number of employees:
3,800 persons
-
Average income:
VND 4,250,000/person/month
2. Financial statement 2010 audited by Deloitte Vietnam Company Limited
3. Selection of auditors for financial statement 2011
The BOD is assigned to select one of following three auditors to audit for financial statement 2011
-
Deloitte Vietnam Company Limited
-
Vietnam Auditing and Evaluation Company
-
Auditing and Accounting Financial Consultancy Services Company Limited – AASC
4. Profit distribution plan 2010
-
Profit after tax:
VND 58,811 million
-
Dividend 2010 (18%):
VND 45,491 million
-
Financial reserve fund (10%):
VND 5,881 million
-
Development & investment fund:
VND 33,229 million
-
Bonus for the BOD, Supervisory Board:
VND 500 million
-
Bonus fund:
VND 3,529 million
-
Welfare fund:
VND 2,352 million
5. Report of Supervisory Board on assessing the company’s operation 2010
6. Report of the BOD on managing the company 2011 and development direction.
7. Plan for increasing charter capital
The BOD is assigned to develop business to have enough conditions for increasing charter
capital.