Business Briefs February 9, 2017

09-Feb-2017 Intellasia | | 3:30 PM Print This Post

* Hochiminh City Infrastructure Investment Company (Cll) said in a statement posted on theHCMCityexchange’s website it has revised up its ownership in NBB Investment Corporation (NBB) to 58.18 million shares (20.24 percent).

* Vinacafe Bien Hoa Company (VCF) attained revenue of VND3.3 trillion last year, up 10 percent from a year earlier, and net profit of VND381 billion, a 29 percent increase. The full-year earnings per share were VNDI4,450. Its inventory dipped 34 percent from end-2015 to VND193 billion by the end of last year. Earlier, Masan Beverage Company Limited, a subsidiary of Mas an Group Corpo-ration (MSN), spent VND375 billion buying 2.2 million shares out of the planned 2.6 million shares of VCF as of December 9, 2016.

* Bac Ninh Water Supply and Sewerage Company will launch an initial public offering (IPO) on February 22 with 1.53 million shares (4.08 percent) put up for sale at the starting price of VND10,000 each, The enterprise will have chartered capital of VND375.8 billion after equitisation with the State holding a 49 percent stake and employees a combined 4.74 percent stake. More than 15.8 million shares (42.18 percent) will be sold to strategic investors:

* Sea transport firm Gemadept Corporation (GMD) earned VND3.7 trillion in revenue last year, slightly higher than the plan, but its net profit dropped 5 percent versus 2015 to VND382 billion. The full-year earnings per share were VNDl,957. Its total assets had surpassed VND10 trillion by end-2016, up 12 percent from a year earlier. GMD’s debts near VND4.23 trillion at present with most of them long-term ones.

* Masan Group Corporation (MSN) has issued 379.4 million shares as bonuses for 3,472 shareholders, raising its total outstanding volume to 1.14 billion shares. MSN’s chartered capital has risen to VND11.47 trillion following the share issuance.

* Vietnam Vegetable Oil Industry Corporation (VOC) said its revenue rose almost 11 percent year-on-year to VND5.57 trillion in 2016 and its net profit stood at VND339.4 billion, a 9 percent pickup. The full-year earnings per share were VND2,316. Its inventory sank 59 percent from the end of 2015 to VND356.7 billion by end-2016, Viet Capital Securities Company reports.


Category: Business, Vietnam

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