Business Briefs 06 February 2020

06-Feb-2020 Intellasia | | 9:27 AM Print This Post

* FLC Group JSC (FLC) said its consolidated net profit in the fourth quarter of 2019 fell 22.79% from a year earlier to VND219.2 billion due to its gross loss of VND368.2 billion in the quarter. Its net revenue climbed 22.77% year-on-year to VND5 trillion in the period. It posted a consolidated net profit of VND284.66 billion on net revenue of VND16.42 trillion in 2019, down 38.11 % and up 40.39% year-on-year, respectively.

* Viet Dragon Securities Corporation (VDS) is planning to issue VND400 billion (USS17.2 million) worth of 400,000 unsecured inconvertible bonds at the par value of VND1 million each. The debt comes with a term of one year and an annual maximum coupon of 9.5%. The debt sale is being conducted until the end of April.

* Camimex Croup JSC (CMX) looks to issue 13.2 million shares at an exercise ratio of 1:1, which means those owning one share will get one right, and with every right they will be entitled to buy one share. Each share will cost VND10,000 As such, CMX will be able to fetch VND132 billion (USS5.6 million).

* Trinh Van Quyet, board chairman of FLC Group JSC (FLC), has announced to buy two million shares, or 14.5%, in Global Asset Business JSC (GAB) over a period of 30 days starting February 4. Though he has yet to acquire any GAB shares, FLC is the firm’s second largest shareholder holding 1.24 million shares, or 8.99%.

* Vietnam National Textile and Garment Group or Vinatex (VGT) reported its consolidated net profit rocketed 105.26% year-on-year to VND59.77 billion in he fourth quarter of last year. The net revenue also climbed 6.27% year-on-year to VND4.95 trillion while the gross profit rose 7.06% to VND380.49 billion in the quarter. VGT made a consolidated net profit of VND400.11 billion on net revenue of VND18.43 trillion in 2019, down 8.67% and 3.49% year-on-year, respectively.

* Vicostone JSC (VCS) has chosen February 24 as the record date for its shareholders to receive a 2019 third-round dividend in cash at 20%. The payment is scheduled for March 31.


Category: Business, Vietnam

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