TCM NEWS OF APRIL 2021
Highlight Financial Performance in March 2021
In 2021 March, Thanh Cong recorded revenue at 14.772.083 (USD), with the growth rate at about 23,8 % in comparison with 2020 March. Regarding net profit, in 2021 March, the company reached 889.517 USD, 54% higher than net profit in 2020 March.
In the first quarter of 2021, The company has earned 39.823.752 (USD) in revenue, which is relevant to growth rate at about 19,8% compared with the first quarter of 2020. When it comes to net profit, the company has achieved the impressive number of net profit at 2.609.815 (USD), with growth rate reaching 87% in comparison with the first quarter of 2020
On 26th March 2021, Thanh Cong Textile Investment and Trading JSC held the investor meeting with the theme “TCM – Sustainable Growth”. In this meeting, the Board of Management shared information relating to the company’s business in 2021 as well as challenges brought by volatility in the World Political Economy and the COVID 19 pandemics. Besides, the Company also expressed the commitment to sustainable growth with efforts to reduce the impact on the natural environment as well as contribution to the Social activities.
On 06th April, 2021, The Annual General Meeting of Thanh Cong Textile Investment and Trading JSC was organized successfully with all reports being adopted with the agreement at 100%. This showed the consensus and belief among shareholders, Board of Director and Board of Management. Noticeably, AGM approved the business plan including revenue plan reaching more than 4.218 billion VND, 22% higher than executed revenue in 2020 and net profit plan reaching 290 billion VND, with 5% growth rate compared with recorded net profit in 2020. Besides, AGM also voted on the Board of Director for 2021 – 2026 tenure with 9 members. In addition to 03 former members Mr. Lee Eun Hong, Mr. Trần Như Tùng and Mrs. Nguyễn Minh Hảo, major shareholder E-land Asia Holdings Pte (holding 43% of TCM) nominated 02 new members including Mr. Kim Il Kyu and Mr. Jung Sung Kwan. The AGM also agreed on voting for Mr. Nguyễn Văn Nghĩa (owns more than 12% of TCM ; self – nominated) and 03 independent BOD members, who were nominated by current BOD, including Mr. Park Heung Su, Mr. Kim Jong Gak and Mr. Đinh Tấn Tưởng.