HBC targets to reach whole year net profit of 150b dong

27-Apr-2011 Intellasia | Vietstock | 8:41 PM Print This Post

Hoa Binh Construction and Real Estate Trading Joint Stock Co (coded HBC) planned to submit the 2011 business plan for approval in the annual general meeting held on April 27, 2011, in which the company expected to gain total revenue of 2.5 trillion dong, after tax profit of 150 billion dong, increasing by 41 percent and 7.3 percent respectively against the previous year, and pay dividend at 30 percent.

The company’s management board also planned to issue 6 million shares for strategic shareholders at price of no less than 32,800 dong per share, after advancing 2010 first round dividend.
In Q1 only, HBC posted gaining total revenue of 570.78 billion dong, up 62 percent year-on-year, and after tax profit of 32 billion dong, up 94 percent.

Last year, the company reported gaining revenue of 1.768 trillion dong, increasing by 0.3 percent against that of 2009 but after tax profit f 139.7 billion dong, up 184 percent year-on-year.


Category: Business

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