1/2016 quarter profit of more than 30 billion, higher than the 2015 rate

According to the 1/2016 quarter consolidated financial statements of this newly announced business, the amount of consolidated net revenue in the quarter 1/2016 POM reach more than 2,188 billion, a slight increase compared to the same period in 2015. Of these revenues steel consumption inland highest proportion of over 1,873 billion, an increase of nearly 6% over the quarter 1/2015, however, the steel export turnover reached more than 319 billion, down nearly 18% in the same period. COGS proportion of net sales: Gross profit dropped nearly 111 helps POM billion, more than 2 times the same period in 2015.

 

After deduction of expenses incurred in the period, POM recorded consolidated net profit of over 30 billion during the same period loss of nearly 34 billion. 1/2016 your own profit figure even higher than the rate in 2015 but both accumulated losses to date 03/31/2016 is still more of POM 159 billion, down from $ 212 billion in the first year .

 

 

As of 31/03/2016, the total assets of nearly 6270 POM billion, down nearly 12% from a year earlier, which is the biggest drop inventory items from the beginning of the period 2,176 billion nearly 1,397 billion only copper equivalent reduction of 779 billion.

 

On the day of the last 28 quarters, POM has successfully organized the AGM 2016, whereby shareholders have adopted a business plan in 2016 with revenue of 10,000 billion dong and 250 billion dong, higher than 8 once results of 2015 (27.47 billion). So with this plan despite high rates 1/2016 quarter but only completed POM was 12% of the yearly plan.

 

 

According to the minutes of the meeting, in a reply to consult shareholders, the company chairman, said the project rolled 500 thousand tons the company has plans to invest in 2010, but then the real estate market is not good to stop . The goal this year to make a profit for shareholders, the company will invest in this project at the right time. About 2016 business plan, the plan forecasts revenue is only expected to raw material prices, the profit of 250 billion is a modest figure, previously the company had profit of 400 to 500 billion. Chairman of the company also said it expects 2016 profit to cover losses accumulated 212 billion, if more profits expected dividend from 2016.

 

1/2016 ended quarter, along with the other steel stocks, shares also rose POM "crisis" from ~ 7000 to 10,400 in early current contract, the increase reached more than half.