Manh Tung
HAGL general director Vo Truong Son (L) fields questions raised by shareholders at the annual generalcmeeting in HCMC on Wednesday while HAGL Chairman Doan Nguyen Duc (2nd, L) looks on - PHOTO: MANH TUNG
HAGL chairman Doan Nguyen Duc unveiled the strategy at a general meeting in HCMC on Wednesday.
At the annual meeting, HAGL general director Vo Truong Son said the company targets its net revenue this year would grow 75% year-on-year to over VND5.34 trillion, and cow farming will contribute 46% of it, or over VND2.47 trillion.
Last year, HAGL posted net revenue of VND3.054 trillion, or 9% lower than the target of over VND3.37 trillion.
Towards the year-end, the Gia Lai Province-headquartered enterprise will strive to increase its dairy cow herd to 13,000 and sell 60,000 cows. Its total herd is expected to rise to 100,000 cows at the end of the year.
As for rubber and sugarcane planting, the enterprise will retain the farming area at 42,500 hectares and 6,000 hectares respectively.
But the enterprise will grow an additional 13,000 hectares of palm this year and finish the building of a palm oil processing plant in Cambodia. Besides, it will grow 3,000 hectares of corn in Laos and Cambodia this year, mainly to provide feed for cows, according to Son.
This year, it will also focus more on resources on projects in Myanmar, including commercial, office space and hotel facilities.
HAGL hoped real estate and construction would contribute VND769 billion (14%) and VND785 billion (15%) to its net revenue in 2015.
Son said HAGL aims for pre-tax profit of VND2.1 trillion this year, a year-on-year increase of 18%.
At the meeting, HAGL proposed a 2014 dividend of 10% but many shareholders wanted 15% provided that its profit last year jumped 70% to VND1.773 trillion from VND999 billion in the previous year.
However, Son feared that a higher dividend would affect the price of HAGL shares.
Duc said this year HAGL would invest more in cow farming and if this new sector bears fruit the enterprise will pay a high dividend in cash.
Nevertheless, with the hand vote, the number of shareholders opting for a 2014 dividend at 15% outnumbered those agreeing on 10%.
HAGL International Agriculture Joint Stock Company, formerly known as HAGL Rubber Joint Stock Company, will be listed on the southern bourse in the middle of this year.
Đăng ký: VietNam News