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Binh Duong approved the adjustment plan for Tan Dong Hiep stone quarry

People’s Council of Binh Duong province has an extraordinary meeting through the planning of exploration, exploitation and use of minerals as common building materials in the 2016-2020 period with vision to 2030.

Accordingly, Tan Dong Hiep mine was allowed to exploit to a depth of 150m, until 31 December 2019, then renovated mine closure.

Thus, shareholders ‘and investors’ concerns about ensuring the revenue and profit in 2018 of KSB have been cleared when the information of Tan Dong Hiep mine is adjusted to the end of 2019. In case of additional accounts for other mines, KSB’s revenue will grow remarkably. Previously, according to business results in Q1 / 2018, revenue is estimated at VND252 billion, pre-tax profit VND87.2 billion and after-tax profit VND69 billion.

Binh Duong approved the adjustment plan for Tan Dong Hiep stone quarry
Binh Duong approved the adjustment plan for Tan Dong Hiep stone quarry

In its long-term growth strategy, KSB focuses on the core business of mining and building materials. “The company continues to seek and promote new M & A strategies for new mines to make KSB a leading provider of mineral and construction material reserves in the near future,” said the representative of KSB. known at the annual shareholder meeting in April 2018.

“KSB’s specific objective is to achieve a 60% market share in the mining, mineral processing and building materials sectors over the next five years. From now to the moment, the company will find a strategic partner to affirm and enhance its position as the leading unit, “KSB representative said.

Besides mining business, KSB also boosted the development of industrial zones. Accordingly, the company stepped up the construction and completion of the 300ha expansion phase of KSB Industrial Park. In addition, the subsidiary KSB IDC continues to expand and improve its efficiency with M & A potential industrial parks in the Southeast. This is a significant portion of revenue and business plan of KSB parent company.

KSB is committed to paying dividends in 2018 at 20% to 28%, slightly higher than in 2017. In the company’s strategy, dividends are committed firmly and sustainably. At the same time, the company has just issued a resolution to issue shares to pay dividends in 2017.

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Binh Duong approved the adjustment plan for Tan Dong Hiep stone quarry
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