H.A.I has finally crossed the 2014 finish line with flying colors: Revenue – 896 billion; Profit before-tax: 53 billion; Profit after-tax: 38 billion....
On November 8, 2014, H.A.I Agrochem Jsc. has successfully organized its Annual General Shareholders Meeting for the fiscal year 2013 – 2014, with recognition of past year’s business performance and future intentions for the fiscal year 2014-2015 – including methods of distributing profit, increasing charter capital and resolving other HR issues with agreement rate reached 99.99%.
According to that, the Shareholders Meeting has approved the Audited Financial Statements for fiscal year 2013-2014. Despite business difficulties due to both objective and subjective reasons, H.A.I has finally crossed the 2014 finish line with flying colors: Revenue – 896 billion; Profit before-tax: 53 billion; Profit after-tax: 38 billion. With regards to 2015 objectives, H.A.I confidently set up its revenue target at 1,400 billion, profit before and after tax at 100 and 78 billion respectively – which were all great advancement from the previous year’s figures.
The Meeting also witnessed an impressive agreement rate among shareholders, regarding the stock bonus plan with 1:1 pro-rata basis and the new issuance of stocks to existing shareholders at 1:1.5 pro-rata (after the bonus effect), along with an additional 15 mil shares by means of private placement. With these plans, H.A.I’s new charter capital would increase to approximately 1,020 billion VND.
This capital injection, according to submission of BOM, serves the business expansion, including investment in the agriculture product manufacturing factory (100 bil); capital increase for seedlings, fertilizers and plant protection products (450 bil) and capital re-structure (reduce debt and increase working capital).
In terms of human resource structure, shareholders have approved the five BOM’s member, including Mr. Doan Van Phuong and Mr. Le Thanh Vinh (elected before) and Mr. Ngo Van Thu, Mr. Le Van Sac and Ms. Pham Thi Hai Ninh (new election as external members), overall increased the number of H.A.I BOM’s members to eight persons. Also, Mr. Nguyen Thien Phu and Mr. Doan Van Cuong were elected as member of Board of Supervisors in replacement for Ms. Nguyen Thi Mai Huong and Mr. Nguyen Duc Hieu.
Some pictures at the General Shareholders Meeting:
Mr. Quach Thanh Dong – Vice Chairman of BOM cum General Director of H.A.I