Last 1st May 2010, Ninh Van Bay JSC,. organized Annual General Shareholders Meeting. Shareholders and assignees representing of 98,81% total voting-right shares hasve attended, come along are representatives of funds, organizations and the press agencies.The Meeting discussed and approved the Annual Report 2009; Results of production and business activities in 2009; Report of the Board of Supervisors; Development orientations, task orientation, and profit distribution plan in 2010; Application for shareholder opinion on additional listing of 10 million shares through private shares placement. ; Application for selecting audit units in year 2010, Application of BOD to cut down business field coded 15-16 in the certificate of business registration.
In 2009, Ninh Van Bay JSC,. has conducted enterprise restructuring and business model transformation The company's three major business segments are defined as Vacations Tourism, Vacations Ownership card andVacations Real estate business, in which the key activity is Vacations Tourism. Total revenue is over 200 billions VND, Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) is 13.2 billions VND; profit after tax is 7.7 billions VND and earning per share (EPS) is 828 dong.
In the meeting, Mr Vu Ngoc Tu - CEO announced the business result of QI/2010, according to which, the revenue and consolidated profit of the quarter had remarkable growth over the same period last year and even in comparison with the whole year of 2009. Total consolidated revenues in QI/2010 is 84 billions VND ; and the consolidated profit before tax is 32,88 billions VND , grew 3.36 times compared with 2009. The coming quarters' results are more promising with the official launching of Vacations Ownership card and Vacations Real estate business. The growing results has proved that Ninh Van Bay had followed the right direction in its enterprise restructuring and business model transformation.
Besides, Mr Hoang Anh Dung - President of Ninh Van Bay, also shared the initial success of the Vacations Ownership card segment when it was officially launched in Singapore at the end of April as well as the notable progresses in developing Six Senses Saigon River - the luxury resort project in Vacations Real estate segment -.
Regarding the business plan in 2010, The Meeting passed a number of major targets such as total revenue expected to reach 872 billions VND including revenue from Vacation Tourism business is 22% ; revenue from sales villas (Vacation Real Estate) is 48% and revenue from sales Vacations Ownership card is 30%; profit after tax of holding company is 121 billions VND in 2010; EPS is 2.004 dong per share.
On 7 th May, Ninh Van Bay JSC,. will be officially listed 50.5 million shares on the Ho Chi Minh Stock Exchange (HoSE) at expected listing price of 25,000 dong per share.
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