TCM NEWS OF JULY 2020
1. Highlight financial performance
Performance of the Company on June 2020, the revenue is $ 16,523,570 achieved 110% compared the target, net profit is $ 1,727,468. Revenue Q2/2020 achieved $ 40,037,986, increased 20% compared to the same last period, net profit Q2/2020 achieved $ 3,328,297, increased 46% compared to the same last period. Until June 2020, accumulated revenue is $ 73,266,808 achieved 93% compared to the target and 99% compared to the same last period, accumulated net profit is $ 4,724,641 achieved about 117% compared to the target and 93% compared to the same last period.
2. Other activity
1. On June 15, 2020, the Company holds the preliminary meeting to evaluate the performance in the first 6 months of 2020. The sales teams report the expected business results in the first half and forecast production and business situation for the 2rd half of 2020. Mr. Kevin Lee shares how to penetrate new markets through e-commerce. Production teams report the cost reduction and the productivity improvement projects. R & BD department introduces new environmentally friendly products and products with outstanding features. In particular, among the global Covid pandemic, to compensate for the shortage of orders and to give hands in protecting the public health due to the occurrence of the Covid 19 pandemic, Thanh Cong R&BD quickly and actively research and development of antibacterial fabric called ANTI-BAC ZinC. The product is combined from fiber with ZnO molecule with natural antibacterial and UV resistance. ANTI-BAC ZinC product can be antibacterial up to 99.99% after 20 times of washing. The production of masks, antibacterial fabrics and medical protective clothes has contributed significantly to increasing sales and profits in Q2/2020.
Following the ceremony, Mr. Song Jae Ung – Deputy General Director shares the role and lessons from transformation in business production. Mr. Lee Eun Hong – General Director of the Company reiterates goals and strategies to achieve production and business goals in 2020 and in the coming time, in which emphasizing R & D and reducing costs strategies and thanks for the efforts and hard work of all the Board of Directors and the Company’s employees so that we overcome this difficult period and promoted more in the near future.
On this occasion, the Company also commends and rewards the departments and units for their outstanding contributions in production, business and have new, effective initiatives, which contributed practically to reducing costs, improved labor productivity, contribute to building the company increasingly strong and sustainable development.
2. On June 20, 2020, Thanh Cong Textile Garment – Investment – Trading JSC held sucessfully the Annual General Meeting of Shareholders in 2020 at the Company’s headquarters – 36 Tay Thanh, Tay Thanh Ward, Tan Phu District, Ho Chi Minh City with the participation of 66 shareholders; own and represent for 38,312,635 shares, representing 66.15% of the total shares of the Company.