On June 24, 2020, at a meeting hall on the 4th floor, Viwaseen Tower – No. 48 To Huu, Trung Van, Nam Tu Liem, Hanoi, Vietnam Water and Environment Investment Corporation – JSC held the 2020 Annual General Meeting of Shareholders.
Attending the ceremony, there were Mr. Le Dong Thanh – Deputy Director of Plan – Finance Department, Ministry of Construction. On the side of the Corporation, there were Mr. Nguyen Ngoc Cuong – Chairman of the Board of Directors; Mr. Ngo Van Dzung – Member of the BOD, General Director and the presence of 50 shareholders who are owning and representing for 57,440,900 shares, equipvalent to 99,00% of the total voting shares.
Shareholders heard Mr. Ngo Van Dzung – Member of the Board of Directors, General Director of the Corporation presented business and investment results in 2019 and the plan in 2020; Mr. Nguyen Ngoc Cuong – Chairman of the Board of Directors presented activities report of the Board of Directors in 2019 and directions for 2020; Ms. Bui Khanh Linh – Head of Supervisory Board presented the report of the Supervisory Board; he shareholders were listened and voted for statements on: audited financial statements 2019; profit distribution 2019; settlement of operating expenses, remuneration of the Board of Directors, the Supervisory Board 2019 and cost estimates 2020; selecting an auditor to audit the financial statements 2020.
According to reports, in 2019, the Corporation has achieved a number of business and production results as follows:
* The performance results of the Mother company
– Business value: 977.3 / 1,327 billion VND, equal to 73.6% of the year plan.
– Investment value: 6.8 / 34 billion VND, equal to 20% of the year plan.
– Turnover: 977.1 / 1,299 billion Dong, as 75.2% of the year plan.
– Payables to the State: VND 26.5 / 15.7 billion, equal to 168.8% of the yearly plan
– Profit before tax: VND 16.73 / 19.2 billion, equal to 87.1% of the year plan.
* The performance results of the whole Corporation
– Business value: VND 2,016.2 / 2,545.5 billion, equal to 79.2% of the year plan.
– Investment value: 54.7 / 106.7 billion VND, equivalent to 51.2% of the year plan.
– Total revenue: 1,715.9 / 2,500.3 billion VND, equal to 68.6% of the year plan
– Payables to the State: VND 79.2 / 85.1 billion, equivalent to 93.1% of the yearly plan
– Profit before tax: 46.3 / 67.3 billion VND, equal to 68.8% of the year plan.
Before the challenges of the world economic situation and Vietnam in 2020, the Corporation identified several targets on production, business and development investment in 2020 as follows:
* Target of the Parent Company plan: business value: VND 510.2 billion; investment value: 19.3 billion; turnover: 589.3 billion dong; Payables to the State: 8.1 billion; profit before tax: 4.5 billion.
* Plan targets of the Corporation: business value: VND 1,149.8 billion; investment value: 76.8 billion; total revenue: 1,177.0 billion VND; Payables to the State: 51.9 billion; profit before tax: VND 37.7 billion
The Shareholders discussed and voted to approve the reports and statements with the rate of 100% of voting rights attended the meeting