AAM: Profit before tax to hit VND5 billion in 2016
(seafood.vasep.com.vn) On Mar, 26th 2016, Mekong Fisheries Joint Stock Company (MEKONGFISH CO, HOSE: AAM) held the annual shareholders meeting 2016. In 2016, the revenues of AAM planned to reach nearly VND356 billion and profit after tax with nearly VND2.6 billion.
In 2016, the company had set a target of 7,500 MT in output, VND340 billion in turnover, and VND5 billion in profit before tax. In addition, the dividend payout ratio scheduled to be 5% per year.
The company planned to spend VND4 billion in upgrading the plants and refurbishing the equipments. Besides, AAM expected to spend VND20 billion in cooperating with farmers to raise pangasius. The whole capital used for investments comes from the company’s own funds and bank loans.
www.mekongfish.vn
Compiled by Dieu Thuy