Phuoc Hoa Rubber JSC strives to sell 29,600 tons of rubber latex in 2015
The estimated figure has been approved at Phuoc Hoa Rubber Joint Stock Company (JSC)’s recent annual shareholders’ meeting.
As estimated, the company’s rubber latex output will be 17,600 tons and the remainder will be purchased from locals. The selling price of rubber latex is estimated at VND31.5mln per ton.
The company’s total rubber latex output last year reached 34,177.77 tons with the selling price of VND38.53mln per ton. With such output and price, the company exceeded 13.93% of the yearly plan with a total post-tax profit of VND263.85bln.
2015 is predicted to be a year full of difficulties for the rubber sector. It is very difficult for the world and Vietnam’s rubber latex price to rebound, due to market’s bad impacts. Weather development that is hard for anticipation will be a great challenge for the company’s production and business activities.
Reported by Minh Nguyen-Translated by K.T
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