DPR estimates to gain 24.5b dong profit in Oct

Dong Phu Rubber Join Stock Co (coded DPR) said that in October 2012, DPR sold more than 1,212 tonnes of rubber latex, at an average price of 59.8 million dong/tonne, reaching 74.4 billion revenue and profit before tax was estimated at 24.5 billion dong.

On November 27, DPR will pay dividend in cash for the first round 2012 at 15%.

Like other companies in rubber industry, because of low rubber rubber prices this year, DPR’s profit target in 2012 is not as satisfactory as last year.

In such difficult situation, DPR is planning to set its business target for 2013 carefully. DPR is waiting for the capital divestment plan implementation of the Vietnam Rubber Industry Group in order to restructure its financial investments in a better way.

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