Viettelpost forecasts strong business ahead

April 23, 2013 | 10:48

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Locally-owned Viettel Post Joint Stock Corporation (Viettelpost) is anticipating stronger business performance in 2013 following bumper profits last year.

After a strong 2012, Viettelpost expects another profitable year Photo: Duc Thanh

At its annual shareholder meeting 2013 last week, Viettelpost formally adopted its business plan for 2013, with total assets of VND246 billion ($11.82 million), up 26 per cent on-year.

Viettelpost projects revenue for this year at VND1,015 billion ($48.8 million), up 15 per cent on-year. After-tax profit will total VND21.8 billion ($1 million), up 13 per cent on-year and dividend rate will be 12-15 per cent, according to the company’s plan.

“Viettelpost is trying to become Vietnam’s leading post enterprise,” said a Viettelpost release. “To reap such targets, Viettelpost will continue its sturdy management. New business strategies’ effectiveness will be inherited by added value from old business strategies and be made by new ways.”

Last year Viettelpost recorded total revenue of VND883 billion ($42.5 million), up 10 per cent against the initial plan, and up 48 per cent on-year. The corporation’s after-tax profit increased 5.72 per cent of the initial plan, and up 5.7 per cent on-year.

Also in 2012, Viettelpost’s average income for staff rose 45.7 per cent on-year, while the dividend rate was 15 per cent, which has over the past four year been maintained, “affirming Viettelpost’s effective and sustainable development,” said the release.

Viettelpost ascribed the achievement to its application of information technology to business and production, with a view to strictly managing costs and further meeting customers’ growing demand.

By Thanh Tung

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