Business Briefs 03 January 2020

03-Jan-2020 Intellasia | | 8:32 AM Print This Post

* Hoa Binh Construction and Real Estate Corporation (HBC) has won tenders for two projects valued at VND818 billion, including the second phase of the Saigon Exhibition and Convention Center and the high-end Four Season hotel. in January-September, HBC made VND 13.6 trillion in net revenue, up 8% year-on-year, butits after-tax profit fell 51% at VND234.5 billion.

* PetroVietnam Ca Mau Fertilizer JSC (DCM) has set a modest after-tax profit target of VND52 billion for 2020, representing 22% of the 2019 target, while it looks to book VND7.9 trillion in revenue next year, up VND 1 trillion against 2019. DCM plans to produce over 800,900 tons of fertilizer in 2020, up 26,000 tons versus the 2019 plan.

* Joint Stock Company for Telecoms and Informatics (CTIN) has been allowed to float over 32 million shares on the Hochiminh Stock Exchange with ICT code. Between January and September, CTIN booked revenue of over VND818 billion and after-tax profit of VND33.1 billion, plummeting 41.9% and 40.8%, respectively, year-on-year.

* PetroVietnam Technical Services Corporation (PVS) has announced its 2019 business results, with consolidated revenue amounting to VND16 trillion, up 6% against 2018 and 23.8% higher than this year’s target. Its after-tax profit picked up 14% at VND654 billion.

* Se San 4A Hydropower Company (S4A) has chosen January 3, 2020 as the ex-dividend date to pay a 2019 second round cash dividend at 13%. The payment date is slated for January 16.

* GP Batteries International Ltd, a major shareholder of Hanoi Battery Company (PHN), has purchased over 1.37 million PHN shares to spur its holding in PHN to 3.55 million shares, or a 49% stake.

* The State Securities Commission has imposed a fine of VND100 million on Tan Binh Import-Export Corporation (TIX) for violating the regulations on information disclosure. TIX was found not to release information on the explanation for its business fluctuations as regulated.


Category: Business, Vietnam

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