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Rubber company plans to cut costs by $6.5 million

Update: March, 19/2012 - 10:10

HA NOI — Da Nang Rubber Co (DRC) will seek shareholder approval for a VND138 billion (US$6.57 million) cost reduction plan at its shareholders meeting on March 23. This year, DRC aims to earn VND2.95 trillion ($140.5 million) and post a profit of VND230 billion ($10.95 million), increases of 10 and 12.5 per cent, respectively, over last year.-VNS

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