On November 20th 2009 Kinh Do Joint Stock Company called for the extraordinary shareholders meeting. Shareholders agreed that the profit increased double equally 530 billion dong in comparison to 2009 plans. Concurrently, they issued bonus shares in proportion of 10:4 and the advance dividend is 24% in cash.

Moreover net turnover in the first 9 months of the year reached 1,079 billion dong and profit after tax was 454,630 billion dong. In the third quarter of 2009, Kinh Do reached 546,328 billion dong in net revenue thanks to successful business activities in Moon Tet; increased 8% over the second quarter. Total profit before tax of KDC in the third quarter reached 398,157 billion VND; profit after tax was 348,208 billion dong up to 320% over the second quarter and increased 385% over the same period in 2008.

NKD is same as KDC, on October 21st 2009, Northern Kinh Do hold an extraordinary shareholders meeting through bonus shares are split into the ratio 10:2; dividends are paid 12% in cash for the second time of the year 2009 and adjust profit growth targets.

According to Mr. Tran Quoc Vietnam – General Director of the company said that due to favorable business situation, the company proposed General Assembly of Shareholders approving the plan to adjust for increasing profit before tax in 2009 from 60 billion VND to 100 billion.

Mr Tran Quoc Viet- General Director of Kinh Do Mien Bac

Accordingly, in the third quarter, revenue and profits of  Kinh Do Food Processing in the North increased 229.1 billion dong in turnover in comparison with the previous quarter, up to 62% compared to the second quarter and 84% compared to total revenue for the first 6 months. Gross profit of the third quarter reached 85.5 billion dong.

Profit after tax in the third quarter reached 43.8 billion dong increasing 78% over the previous quarter. The consolidated profit after tax reached 60.7 billion, up 71% in comparison with the same period last year.

The above positive business results were confirmed the consensus of all officials and employees who contributed to increase production capacity and exceed the success of Kinh Do company in general and Northen Kinh Do in particular. To motivate and encourage a collective sense for officials and employees as well as create long-term devotement to the company, the Board of Directors and shareholders have agreed through offering the preferred shares to employees with estimated number of shares issued for preferential price is 20,000 dong/ share for KDC and 15,000dong/share for NKD. The implementation is estimated along with the issuing time of bonus share. The entire shares issued to employees as stock transfer restrictions.