Business Briefs 05 Jul 2019

05-Jul-2019 Intellasia | | 8:34 AM Print This Post

* Kien Hung JSC (KHS) will offer around 1.4 million new shares worth nearly VND14 billion to its current shareholders in order to spur its charter capital to around VND121 billion. In May, KHS spent more than VND18 billion paying a cash dividend for 2018. The company expects to book net profit of VND 45.4 billion on net revenue of more than VND1.4 trillion this year, up 55.9% and 24.2%, respectively from a year earlier.

* Le Anh Hoi, a major shareholder of American Vietnamese Biotech Incorporation (AMY), offloaded 2.31 million AWV shares worth VND69.3 billion on June 25. Therefore, he lowered his stake in the firm to 4.43%, or 1.2 million shares. This year, AWV aims for VND850 billion in total revenue and VND230 billion in net profit, up 89% and 5% year-on-year, respectively.

* MobiFone Service JSC (MFS), a unit of State-run MobiFone Telecommunications Corporation, has set a target of making VND29.8 billion in profit this year, up 5% from a year earlier. Its revenue is expected to rise 8.5% year-on-year to VND684 billion in 2019. MFS plans to pay a 15% dividend in 2019.

* Sao Mai Group Corporation (ASM) bought 23 million shares, or a 76.67% stake, in EuroPlast Long An Solar Power JSC. Currently, ASM is boosting its investment in some solar power projects in Ben Tre, BinhThuan, and Daklak provinces. In 2019, ASM targets net profit of VND1.24 trillion on net revenue of VND10.5 trillion, up 4% and 18% against 2018, respectively. It plans a dividend payment of 10%-20% for 2019. It made net profit of VND312 billion on net revenue of VND3.48 trillion in the first quarter of this year, down 37% and up six-fold from a year earlier, respectively.

* Vietnam Electricity Construction Corporation (VNE) has chosen July 16 as the record date to pay its final 2018 cash dividend of 4% for its shareholders. The payment is slated for July 24.

* The Board of Directors at Hoa Sen Group (HSG) has approved a plan to contribute VND4.9 billion to set up Hoa Sen International Port JSC in the southern province of Ba Ria-Vung Tau. The money is equal to 49% of the port’s charter capital.


Category: Business, Vietnam

Print This Post

Comments are closed.