On 15/04/2015, Phu My Packaging Joint Stock Company (Phu My Packaging) successfully held its 2015 Annual General Meeting in BRVT attended by 100% of shareholders and shareholder representatives.
At the AGM, the Leadership reported to shareholders on business activities in 2014 and the action plan for 2015; presenting the BOD’s report, the Supervisory Board’s Report, Financial statements, report on remunerations of BOD and Supervisory Board; 2014 profit distribution plan.
Given the difficulties of the economy in general and of Ba Ria – Vung Tau province in particular, with business results exceeding targets, the Company has won good appreciation from leaders and shareholders. Some positive indications have reflected efficient operation in 2014: the Company exceeded the consumption output set at the beginning of year, reaching 49.5 million bags as compared with the target of 46 million bags; the export market was expanded with the output representing approximately 25% total consumption of the Company; the Jumbo packaging was officially launched to the market and expected to become one of main product lines of the Company in the coming years; after-tax profit reached VND 10,18 billion, dividend ratio reached 17%/Charter capital.
The AGM listened to the BOD’s plan for listing of the Company shares this year. This is a new development strategy of the Company, exposing the Company to big challenges as well as new opportunities in setting up position for the Company. All relevant issues were approved and adopted by the AGM.
On behalf of Company, Mr. Pham Van Hien – Chairman sincerely thanked and welcomed instructions and comments; and given the new challenges and difficulties, the Leadership committed best effort of the Company and all employees to jointly turn challenges into opportunities, difficulties into strengths and to complete the 2015 plan, affirming the strong position of the Company in domestic and international market.
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