A factory of TMT. The company set a goal to sell 10,560 cars this year. — Photo cafef.vn

HA NOI (Biz Hub) — The TMT Motor Joint Stock Company (TMT) set a goal to sell 10,560 cars this year - 44 per cent more than in 2015, the company's executive board announced.

Of this figure, 8,060 will be light trucks. The rest are heavy trucks and other vehicles.

The company expects to earn VND5.8 trillion (US$259.8 million) in revenue and VND256.3 billion in profit after taxes this year - 75 per cent and 35 per cent, respectively, higher than last year. It expects a dividend rate of 50 per cent this year, a 25 per cent increase over 2014.

The company's annual shareholders' meeting will be held in April.

TMT inaugurated a truck factory that will produce 20,000 units per year in the northern province of Hung Yen on March 1.

In 2015, TMT shareholders agreed to issue 1.5 million bonus shares to the executive board, thanks to the company's positive business performance, which boosted TMT's stocks to VND50,000 per share. However, after this resolution was approved, TMT's stocks suffered a fall and are now being traded at around 37,000 dong per share. — VNS