AN PHAT PLASTIC (AAA): 11M2017 BUSINESS PERFORMANCE REPORT

11M2017 BUSINESS PERFORMANCE REPORT | Securities code: AAA

11M2017 BUSINESS PERFORMANCE REPORT
AN PHAT PLASTIC & GREEN ENVIRONMENT JOINT STOCK COMPANY
Securities code: AAA

 
      Dear Shareholders and Investors,
      An Phat Plastic & Green Environment Joint Stock Company would like to announce “The Business performance report of first 11 months 2017”, details are as follows:

biodegradable
1.      Maintain stable output

Continuing the breakthroughs and successes in the previous months, the company's consolidated sales for the first ten months of this year were estimated at 85,064 tons, up 52.38% YoY, achieving 88.6% of the year plan, export volume to major markets continue to grow. The entire company emulate to complete the production plan for all factories reached 8,000 tons of bags per month and a combined yield of 13,500 tons per month at the end of 2017.
 

2.      Welcomed investors and customers
     

After attending to the Vietnam Enterprise Conference, the company also received much attention from investors, many securities company, investment companies have visited company. At the meeting, the companies visited some factories of AAA, along with company leaders to discuss about the company's performance and future plans.
In addition, company leaders had a trip to Thailand, Singapore ... to meet suppliers and customers. The company takes the initiative in seeking suppliers with high quality raw materials, to ensure the quality products.
 

3.      An Phat Holdings bought more AAA securities


      On 14th November 2017, An Phat Holdings Joint Stock Company registered to buy 1,700,000 shares of AAA for financial investment purposes, increase the total number of AAA shares held by An Phat Holdings to 14,580,575 shares,  equivalent to 24.6% total shares of AAA. Trading method is agreement or order matching. Expected trading time: from 17th November 2017 to 15th December 2017.


4.      Announced the 2018 Business plan and plan for 2nd advance dividend payment of 2017


      On 13rd November 2017, the  Board of Directors held a meeting and approved the 2018 business plan and plan for 2nd advance dividend payment of 2017. The plan about production, revenue, profit and dividend in 2018 are as follows:

No. Criteria Unit 2018 Plan Rate compare to 2017 plan (%)
1 Consolidated output Ton 140,000 145.83
2 Consolidated revenue VND billion 5,500 166.67
3 Consolidated profit after tax VND billion 330 150.00
4 Dividend % Expected 20-30% by cash 100.00

      About the plan for 2nd advance dividend payment of 2017, details are as follows:
-          Date of dividend payment list finalization: expected in January 2018
-          Payment time: expected in February 2018
-          Payment method: by cash – Vietnam dong
-          Dividend payout ratio: 15% per share (equivalent to 1,500 VND/share)
-          Place of dividend payment:
ü  The shareholders of deposited shares will receive dividend at the depository member where they opened depository account.
ü  The shareholders whose shares have not been deposited will receive dividend at Company’s Head office - Lot CN 11 + CN 12, An Dong Industrial Cluster, Nam Sach, Hai Duong.
NotedThe Company will withhold personal income tax (if any) before paying dividends to shareholders


5.      December 2017 plan


      The company will follow the general plan for output, sales and profit for the fourth quarter of 2017.
      Regards!

To:                                                                                                                GENERAL DIRRECTOR
-       As above.                                                                                                           (Signed)
-       Office for record./.


                                                                                                                        NGUYEN LE TRUNG

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