On the afternoon of April 21, 1818, Nam Dinh Garment Joint Stock Company (Nagaco) held the General Assembly of Shareholders in 2018. Attending the meeting were Mr. Cao Huu Hieu, Executive Director of Vietnam Textile and Garment Group - Nagaco's Chairman; Mr. Pham Minh Duc, General Director of Nagaco and representatives of shareholders of the Company.

In 2017, Nagaco still faces many difficulties and challenges such as shortage of orders due to US withdrawal from TPP and severe labor competition (the company's labor force decreased by 26% due to insurance policy with TB women change. Based on the resolutions of the General Assembly of Shareholders in 2017, the Board of Directors and the Company's Executive Board directed and organized the implementation of action programs, market expansion, promote production Nagaco has basically completed Targets assigned.

Based on the real situation of production and business, Nagaco has set up the main targets and plans in 2018 as follows:

• Turnover reached 176 billion, up 10.2%.
• Profit after tax was VND10 billion, up 28% y / y.
• Average income increased by 10%.
• The ratio of dividends is 20-25%.

At the meeting, the shareholders approved the report of business performance in 2017 and the business plan of 2018 of the Board; Financial report of 2017; 2017 monitoring report and 2018 plan of the Board of Supervisors; Report of the BOD in 2017 and the plan for 2018; Statement on the adoption of the 2017 Financial Statements after auditing and selection of auditors 2018; Submission of 30% dividend distribution and profit distribution in 2017; Report on remuneration payment for the Board of Directors, Supervisory Board in 2017 and expected to pay remuneration to the Board of Directors, Supervisory Board in 2018.

 

Source vinatex.com