BINH DUONG — Pomina Steel Mill (POM) aims to earn VND14.4 trillion (US$685.7 million) in net revenue and VND400 billion ($19 million) in net profit this year.
Dividends are expected to be paid at 15 per cent.
Meanwhile, the company estimates that financial costs will increase due to the long-term debt of its steel complex project and rising loan interests in dong.
Last year, Pomina had a net profit of VND404.24 billion ($19.2 million), or 66 per cent of the annual plan. Dividends last year might be paid at 15 per cent, lower than the 20 per cent rate earlier last year. — VNS