Danameco shareholders meeting 2020

Danameco is a company specialized in medical face mask and protective coverall production. Its business activities as well as shares got almost no attention until the outbreak of Covid-19, since the demand of medical face masks have rose up rapidly. Accordingly, Danameco reported its profit of 8.2 billion VND for the first quarter of 2020, which was 8 times higher compared to the same period last year and nearly exceeded 2019’s profit.

In the General Meetings of Shareholders on 26th June, Mr. Le Hai Trong - Chairman of Danameco Medical Joint Stock Corporation (HNX:DNM) emphasizes that from the beginning of Covid-19, the Board of Directors and Board of Management anticipated the complexity of the pandemic, and set the target that exporting is not only for the current situation, but also a long-term development strategy.

Wearing masks is one of very important preventive measures strongly recommended b y WHO during Covid- 19, but many countries have not got familiar with it. Therefore, this is a good chance for Danameco to boost exports. However, this business has mainly focused on developing the domesticmarket, and the proportion of revenue from exporting in 2019 just stood at 6%. That is why boosting exports is now a big challenge for Danameco.

Wearing masks is one of very important preventive measures strongly recommended b y WHO during Covid- 19, but many countries have not got familiar with it. Therefore, this is a good chance for Danameco to boost exports. However, this business has mainly focused on developing the domestic market, and the proportion of revenue from exporting in 2019 just stood at 6%. That is why boosting exports is now a big challenge for Danameco.

Source: https://ndh.vn/ket-qua-kinh-doanh/chu-tich-danameco-tu-ao-lang-buoc-ra-the-gioi-la-thach-thuc-lon-1271302.html

Related News
Covid 19 – it’s not a break but a boost

05.05.2021

2020 is considered a breakthrough for Danameco in both business results and stock prices.

Face mask tips for kids during covid-19

29.03.2021

Parents should pay attention to choose products with clear origin, meeting the standards of the Ministry of Health...

Selling medical masks helped Danameco’s profit increase 81 times the previous year

16.03.2021

Nhu cầu khẩu trang tăng cao khi dịch Covid-19 bùng phát giúp các công ty thiết bị y tế tăng...