Business Briefs 07 Aug 2018

07-Aug-2018 Intellasia | | 8:48 AM Print This Post

* Tasco JSC (HUT) said its net profit fell 26.5% year-on-year to VND37.63 billion in the second quarter of this year. Its net revenue declined 28.45% year-on-year to VND290.92 billion in the quarter, HUT said in its quarterly financial statements. Its financial revenue tumbled 39.96% year-on-year to VND8.4 billion in the period. In the first half of this year, HUT earned a net profit ofVND47.7 billion on net revenue ofVND594.93 billion, down 73.9% and 42.44% year-on-year, respectively.

* SAM Holdings Corporation (SAM) said its consolidated net profit plunged 76.05% year-on-year to VND5. 71 billion in the second quarter of this year, though the firm’s consolidated net revenue grew 15.85% year-on-year to VND609.44 billion in the period. SAM made a consolidated net profit of VND48.73 billion on net revenue of VND 1.04 trillion in the first half of this year, down 7.15% and up 10.55% year-on-year, respectively.

* Truong Thanh Furniture Corporation (TIF) incurred a consolidated net loss ofVND555.92 billion in the second quarter of this year, versus a consolidated net profit ofVND16.04 billion in the second quarter of2017.

Its net revenue fell 58.67% year-on-year to VND123.9 billion in the quarter, TIF said in its quarterly financial statement. In the first half of this year, TIF suffered consolidated a net loss ofVND561.25 billion, against a consolidated net profit of VND891.25 million in the same period of last year. TIF’s net revenue decreased 36.35% year-on-year to VND326.16 billion in the first half.

* FPT Corporation (FPT) announced it will pay its first interim cash dividend for 2018 at VND 1,000 per share. The record date is August 17 while the payment date is expected to be August 31.

* PetroVietnam Transportation Corporation (PVT) announced that it will pay a 2017 cash dividend for shareholders at 10%, or VND1,000 per share. The ex-rights date is August 22 while the payment date is September 17.

* The board of directors at Vingroup JSC decided to establish a subsidiary which was separated from Vinsmart Production and Research JSC (Vinsmart) on August 2. Vintech Technology Development JSC (Vintech), which is set to be headquartered in Hanoi City, will have chartered capital ofVNDl trillion, with Vingroup contributingVND800 billion, or 80% of the new enterprise’s chartered capital.

* Domesco Medical Import Export Joint Stock Corporation (DMC) has chosen August 22 as the record date for paying the remaining 2017 cash dividend at 10% par value, or VNDl,OOO per share. The payment will be made on August 31.

 


Category: Business, Vietnam

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