(vasep.com.vn) Ngo Quyen Processing Export Joint Stock Company (Ngoprexco) set a target to reach a total turnover of VND252 billion to bring back VND3.4 billion of gross profit and VND3 billion of post-tax profit. Dividend yield will be fixed at 13 percent. The plan was approved at the company’s 2013 Annual General Meeting of Shareholders.
Ngoprexco expected to produce and trade 3,500 MT of products and earn US$11.5 million of export revenue.
Kien Giang-based firm will issue 180,000 bonus shares to existing shareholders with the ratio of 100:15 from an investment development fund.
This year, Ngoprexco plans to spend around VND3.5 billion on completing the construction of Tac Cau processing plant. It will build the supporting infrastructure, including a facility for head-off fish and install new equipment and technologies to expand fish paste processing plant.
In 2012, the company totaled VND226 billion of net turnover and VND1.8 billion of post-tax profit. Dividend yield was 7 percent.
www.ngoprexco.com.vn