Dai Thien Loc Joint Stock Company (JSC) has just announced its positive results in production and business last year and designed a plan to raise 2012’s revenue to VND2.5trillion at the 2012 annual shareholder meeting. For the greater concern, Binh Duong Daily also had an interview with Nguyen Thanh Nghia, CEO of Dai Thien Loc JSC.

The 2011 year was a year full of fluctuations and difficulties, so why did your company still continue reaping high revenue?

The company last year reached more than VND1.85trillion in total revenue, a year-on-year increase of 2%. Its post-tax profit was estimated at VND162bln.

To achieve the above results, the company made efforts in improving production lines and expanding export markets. More importantly, the company regularly communicated with clients to catch the market demand for a flexible business strategy in line with each period. These efforts last year helped the company take fruits in production and business while the domestic steel sector faced many difficulties. 

The 2012 year is predicted to be a more difficult year to economy in general and steel sector in particular, so why has your company set the target of achieving VND2.5trillion in revenue?

The company’s financial pressure this year has been removed when the lending interest rates at banks have been slashed to16% per annum.

Moreover, the company’s factory project with the state-of-the-art production lines in the Song Than 3 industrial park is going to be completed and put into operation.

The company’s localization ratio of products has so far reached very more than 50%. In addition to Southeastern, Asian, Western European regions, the company has also expanded its export markets to West Africa and South America…

What is your advice for shareholders?

Despite having difficulties last year, the company still reaped high profit with the net profit of VND3.476 per share.

Therefore, the company’s stock is still an attractive investment channel for investors. Shareholders should put trust in the capacity of seeking profits from the company’s directorate. The company will continue flying higher in the coming time.

Reported by Khanh Vinh-Translated by K.T