AsemconnectVietnam - The Board of Directors of Phuoc Hoa Rubber Joint Stock Company (PHR - HOSE) has just passed a number of production and business targets estimated in the first quarter of 2020 at the parent company with the processing output of nearly 2,568 tons, rubber consumption reached more than 4,913 tons, the average selling price of 34.58 million VND/ton.

Regarding business results, at the end of the first quarter of 2020, PHR recorded a total revenue of 334.68 billion dong, up 18.44 percent over the same period last year and completed 13.61 percent; profit before tax of 172.46 billion, up to 158.47 percent over the same period and completed more than 15 percent of the year target.
In addition, Phuoc Hoa Rubber also approved the business plan for the second quarter of 2020 with the total revenue of the parent company reaching VND 480 billion, fulfilling 19.51 percent of the year plan, of which the revenue from rubber trading reached VND 115.84 billion; Profit before tax is expected to reach VND 350 billion, fulfilling 30.48 percent of the year plan.
In addition, the Board of Directors agreed to assign the Board of Directors to develop a plan for each specific scenario to respond to the COVID-19 pandemic and work with Nam Tan Uyrn Industrial Park JSC and VSIP Company on the payment schedule. payment of compensation assistance; unanimously agree that the project owner will submit to Vieetyj Nam Rubber Industry Group to assign PHR to be the investor of 2 industrial parks - urban - service Hoi Nghia and Binh My.
Previously, the Company successfully organized the Annual General Meeting of Shareholders and approved the parent company plan with total revenue of VND 2,460 billion, pre-tax profit of VND 1,148 billion; increased by 46 percent and 115 percent respectively compared to the implementation of 2019. With the above figures, the Company said the expected dividend rate is not lower than 40%.
N.Nga
Source: Securities Investment Newspaper