The General Meeting of Shareholders of CNG Vietnam Joint Stock Company (CNG) approved the 2012 business plan with targets of VND 871.7 billion in revenue and VND 128.3 billion in pre-tax profit; and a dividend payout of 35%.
The General Meeting of Shareholders also approved the 2011 business results with a cash dividend of 70%.
In 2011, CNG achieved revenue of VND 748 billion (14% higher than planned), and after-tax profit of VND 203 billion, equivalent to 100% of charter capital. CNG had made an interim dividend payment to shareholders at a rate of 25%.
CNG’s main product is compressed natural gas, used as fuel for factories or vehicles, with a processing capacity of 50 million cubic meters of gas per year (equivalent to 42,000 tons of LPG per year).
(Dau Tu Chung Khoan 9/4)
