Dong Tam Group holds its 2017 annual general meeting of shareholders: The 4th year with the profit plan exceeded



On the morning of 04/11/2017, at the head office (Ben Luc District, Long An Province), Dong Tam Group successfully held its 2017 Annual General Meeting of Shareholders (AGM) attended by 92.3% of voting shareholders.

Implementing the Resolution of 2016 AGM, the Board of Directors, Board of Management of Dong Tam Group focused resources on improving the mechanism of organization and operation, establishing committees on personnel, investment, procurement, selling prices and sale policies to promptly orient business activities, reforming administrative procedures, building a more streamlined and effective organ; Investing in expansion of sales and distribution network; Investing in new and advanced equipment, production lines, technology innovations in an effort to boost productivity, diversify products and enhance quality of product as well as customer services.

Business results of Dong Tam Group in 2016: Net revenues reached VND 1,804 billion, accounting for 88.0% of the annual plan; After-tax profit was VND 233 billion, surpassing the plan by 11.0%. Total assets as at 31/12/2016 rose to VND 3,987 billion, up by 21% over 2015, a surge of VND 691 billion in value.

This is the fourth straight year in which Dong Tam Group surpassed its profit target. In specific, the after-tax profit in 2013 was VND 125.7 billion, exceeding the plan by 25.7%; In 2014, the after-tax profit reached VND 176.6 billion, accounting for 130.84% of the plan, up by 40.5% over 2013; In 2015, the after-tax profit rose to VND 279 billion, equal to 126.93% of the plan, representing a strong growth of 58.09% over 2014.

Established and developed over the last 48 years, Dong Tam brand has won the title of "Vietnamese High Quality Goods" voted by consumers for 21 consecutive years. In 2016, the Company developed and expanded a network of 30 branches, showrooms, 27 warehouses, over 3000 partner shops and distributors throughout provinces and cities nationwide.

With efficient efforts in 2016 and the long-term investment strategy of the Company in the past years, joint-venture, co-operation and investment projects, expansion of production and development of new building materials will be kept implemented in 2017. Reports and statements submitted by Dong Tam Group’s Board of Directors were adopted by the AGM at very high affirmative voting rate such as: the Statement of the Auditor’s Report on 2016 Consolidated financial statements was approved by 99.992% of shareholders; the Statement on 2016 profit and dividend distribution: by 99.99%; the Statements on proposed remuneration for BOD, BOS in 2016 and in 2017: by 99.991%; the Statement on authorizing BOD to select the auditor for 2017 fiscal year: by 99.992%; the Statement on authorizing BOD to decide on increasing or reducing the business lines: by 99.999%; and especially the 2017 business plan with some key targets including net revenue: VND 1,850 billion, after-tax profit: VND 202 billion, targeted dividend rate: 15%.
Maketing - Dong Tam Group.

Shareholders conduct procedures on attending the AGM

Shareholders raise voting cards to approve the contents of the AGM

Presidium members at the AGM

A shareholder representative raises questions at the AGM

Representative of Presidium members answers questions of shareholders

Shareholders cast their votes for BOD, BOS of 2017-2021 tenure

Overview of 2017 AGM of Dong Tam Group

Modern production lines at Dong Tam Group’s factories

Dong Tam Group’s prestressed centrifugal concrete pile plant.

Long An International Port Project 

Related Posts

  • Dong Tam Group partnering with study promotion of district 6, Ho Chi Minh City

    Over years, the Study Promotion Association of District 6 has achieved many positive results in study and talent promotion, and development of learning society. The number of granted scholarships is always more than 7000 scholarships per year, helping thousands of poor but studious pupils and students go to school with the contribution of sponsors and enterprises in District 6 area.

  • Dong Tam Group partnering with the 5th congress of Can Tho young entrepreneurs association

    On 10th October at Dong Ha - Fortuneland Hotel, the 5th Congress of Can Tho Young Entrepreneurs Association, tenure of 2017 - 2020 was held in order to report on activity results of the 4th tenure and introduce the Executive Board of the 5th tenure with the slogan: "Can Tho Entrepreneurs pioneer in innovation and stable integration" with the participation of leaders of Central Govermnet, Can Tho c

  • Dong Tam Group sponsors the 8th sports festival 2017 of Can Giuoc district

    On 8 October, People's Committee of Can Giuoc District, Long An Province held the Opening Ceremony of the 8th Sports Festival of Can Giuoc District in 2017 at the District Center for Culture and Sports. This was the biggest sport event of the District in 2017, intended to urge the participation of people, promote sport exercise, improve solidarity and friendship, with the vision to Sports Festival

  • Dong Tam Group: Partmeromg with the school dream

    In nearly 50 years of establishment and development, Dong Tam Group has been not only focused on business development but also interested in social community activities, especially care for pupils overcoming difficulties to achive good academic results, and the Company has been and still is supporting and encouraging those pupils to go to school and realize their dreams in order to become useful m