It is estimated that KLF Global will enjoy 50 billion profit for the third quarter performance, which roughly equals the company’s total profit of the first 6 months, and with this impressive figure, the 9-month profit of KLF will be around 100 billion – meaning that the company has met its fiscal year target 3 months earlier!
In a recent talk with BizLive, Mr. Nguyen Thanh Binh – KLF’s General Director – expressed his belief that the early year increase in charter capital might have taken its effect and contributed to the development of all businesses sectors. Meanwhile, distribution and commercial activties as well as M&A transactions have been strengthened and returned KLF with desirable outcomes.
Hence, with such positive figures, it is highly probable that KLF will enjoy profit surplus in 2014, as it has met its objective a good one quarter in advance!
It is also worthnoticing that in 2014, KLF has found its “new developmental factor” named H.A.I, by owning 25% of this agrochem company’s charter capital. This deal is considered an excellent bargain, as HAI was a vigorously growing joint stock firm with substantial annual profit and cash divident payout, yet KLF was capable of buying it out at a cost lower than HAI’s value on market. Specifically, on September 18, KLF bought 4.263m HAI shares at the price 37,000 VND/share, yet until September 29, the session closing price recorded for HAI has climbed to 43,500 VND/share.
KLF’s Annual General Shareholders Meeting year 2014, held on June 17, 2014.