CNG, DXP announce business plan for 2014

CNG Vietnam Joint Stock Company (CNG) and Doan Xa Port Joint Stock Company (DXP) announced business plan for 2014 as follows:

CNG set revenue target at nearly VND1.02 trillion, profit at VND110 billion, and dividend payout ratio at 35 percent. In 2013, the company estimated revenue at VND885.7 billion, and post-tax profit at VND120.6 billion, exceeding 9 percent and 2 percent of the plan, respectively.

DXP announced business plan for 2014 with revenue of VND170 billion, pre-tax profit of VND50 billion, and dividend payout ratio at 30 percent. Last year, the company’s revenue was estimated at VND198 billion, achieving 99 percent of the plan, and pre-tax profit was at VND70 billion, achieving 100 percent of the plan but accounting for only 68 percent of that in 2012.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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