Viet Han Investment and Production JSC targets dividend at 20%
24-APR-2008 Intellasia | 21/Apr/2008 Dau Tu Chung Khoan page 6
Apr 24, 2008 - 7:00:00 AM
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Viet Han Investment and Production Joint Stock Co (VHG) recently approved the business plan for 2008 with revenue of one trillion dong, after-tax profit of 110 billion dong, a dividend of 20% and future projects with a total investment capital of 325 billion dong.
Also the firm plans to buy back 25% of chartered capital or 6.25 million shares to stabilise the share price and serve long-term strategies,
Last year VHG reached 700.48 billion dong in revenue, rising 70.7% yoy and 86.204 billion dong in after-tax profit, a yoy increase f 35.89%.
As reportedly, the big shareholder Indochina Capital's Vietnam Holdings Ltd completed the purchase of 70,000 VHG coded shares to bring its size in the local company to 14.22% or 3,554,800 shares.
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