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