11 December 2017
The profit distribution plan has been put through with 50% of profit used to pay dividends in cash at the rate of 10% for shareholders, and 50% to be retained for re-investment.
Shareholders' annual meeting 2017
On 21/04/2017, Everpia JSC has officially held the annual meeting of shareholders in 2017 at Hung Yen factory, Tan Quang IZ - Van Lam district - Hung Yen province. With the attention of 89 participants, who represent for 26.795.239 shares, accounting for 64% total voting shares, the meeting has put though several important contents in 2017.
Business performance in 2016
At the beginning of the meeting, Chairman Lee Jae Eun had an appology to all shareholders that the business performance in 2016 did not meet the target. Operating revenue was only VND868 billion, equivalent to 80% of the target, while profit after tax was VND84 billion, finishing 56% of the plan. The reasons explained by Chairman Lee are the unfavorable weather conditions for the bedding sales, and stronger competition from others rivals.
Nevertheless, EVE is still the leading brand of bedding industry in Vietnam with domestic market share of 22%. The turnover from bedding export well increased by 24% and B2B sales increased 4.1%.
Nevertheless, EVE is still the leading brand of bedding industry in Vietnam with domestic market share of 22%. The turnover from bedding export well increased by 24% and B2B sales increased 4.1%.
Padding and quilting, which occupied of 39.5% total revenue of the company, are the highly profitable business with the gross margin upto 45.4% and tend to stabilize at high rate (over 40%) in the last 04 years.
Approving the 2016 profit distribution plan
The profit distribution plan has been put through with 50% of profit used to pay dividends in cash at the rate of 10% for shareholders, and 50% to be retained for re-investment.Expanding the business scope
The General Shareholders' Meeting also approved the supplement of a number of new household items in the product portfolio in order to diversify the supplying capability and enhance the competitive strength of the company.
Other annual contents such as the selection of the independent auditors list, or wages for the Board of Directors and the Audit Commitee were also voted at the meeting with high consensus.