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Dofico Hits Turnover VND4 Trillion in First Half of 2011

In a difficult economic context, thanks to its multi-sector development strategy, Dofico has maintained steady growth. Meanwhile, its business targets as planned are reached and exceed.

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The company’s turnover hits VND4,045 billion (or US$195.13 million), up by 25 percent over the same period last year, accounting for 62 percent according to annual plans.

The company contributed VND660 billion (or US$31.8 million) to the State budget, up 21.73 percent over the same period.

Profit-capital proportion is approximately 9 percent, as much as in 2010.

Industrial Production keeps developing steadily and hits a turnover growth rate of 14.9 percent.

Trade and Services shows a turnover rise of 41 percent, which is the highest rate among other sectors and a sector with the greatest sales - 86.38 percent.

Agricultural Production is affected by weather conditions and diseases, but the turnover growth rate is fairly high, up 19.5 percent.

In the second half of 2011, the economy is expected to meet with difficulties and unpredictable fluctuations.

The government is determined to put a tight monetary policy in enforcement.

Thus, Dofico and its 31 member companies will make more efforts and be more flexible in administration, and in production, business and investment activities to complete assigned tasks and plans.

Particularly, the company will focus on expanding its markets, promote its investment activities, enhance the efficiency of production and business links between its member companies and partners, effectively create a safety product making chain from farm to dining table, and start the implementation of a human resources strategy that meets the requirements for development as well as sustainable growth.

Reported by Phuong Linh, Translated by Duy Minh

Author: phongvien

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