Tinh Van Group BOD Holds Q3 2020 Summary Meeting
2020-10-20 21:44:00
The meeting took place amid the ongoing complexity of the Covid-19 pandemic worldwide, with the participation of all Board of Directors (BOD) members, the Head of the Supervisory Board, and the Deputy CFO of Tinh Van Group. Japanese BOD member Mr. Ishiguro joined the meeting online from Tokyo, Japan.
In the cumulative first nine months of 2020, Tinh Van Group achieved a 40% increase in signed sales, a 25% increase in invoiced revenue, and significantly better profits compared to the same period in 2019, meeting the set targets. Notably, Tinh Van Japan in Japan overcame the challenges of the Covid-19 pandemic and began generating good profits from Q4.
The Board members provided opinions and comments on the operational performance in the first nine months, plans for Q4 and the full year 2020, as well as strategic goals for 2021 for Tinh Van Group and its member units.
The Board of Directors reached a consensus on the assessment of the situation in the final months of the year, demonstrating determination to stand alongside Tinh Van Group's member units to complete the 2020 plan and look toward 2021 with many opportunities and challenges.