HUT: Operating results in the first 6 months and plan to pay dividends

According to the Board of Directors of TASCO Company (stock code is HUT): The Company has gained a strong growth in its operating results in the second quarter of 2010 against the first quarter of 2010 and that of the same period last year.

According to the Board of Directors of TASCO Company (stock code is HUT): The Company has gained a strong growth in its operating results in the second quarter of 2010 against the first quarter of 2010 and that of the same period last year.
 
Accordingly, the revenue of the second quarter of 2010 reached 194 billion VND, an equivalent to 300% of its revenue against that of the same period in 2009. The Company’s pre-tax profit in the second quarter of 2010 reached 28 billion VND, equivalent to 900% of its revenue against that of the same period in 2009.

In 2010, the segment of real estate business has begun to get revenue and contributed to the operating results of the Company. Therefore, its pre-tax profit in the first 6 months reached nearly 45% of the whole year plan of 2010.

According to the resolution adopted at the general meeting of shareholders on March 31st, 2010, the Board of Directors (BOD) agreed on paying an advance of dividends at the rate of 18 % for the first period in 2010. The Company is fulfilling procedures at VSD and HNX to complete paying dividends in August 2010.

According to the news given by the Board of Directors, the Document No. 202/TB-VPCP dated July 19th, 2010 announcing the opinion of the Prime Minister on green belt planning of the capital city, Xuan Phuong new urban area, Tu Liem district, Hanoi, which is being invested by TASCO Company, (stock code is HUT) tends to enjoy more advantages as it is within the green belt.