Business Briefs 11 May, 2018

11-May-2018 Intellasia | | 1:47 PM Print This Post

* Development Investment Construction Company (DIG) earned a consolidated net profit ofVND9.1 billion in the first quarter of2018 compared to a loss of D16.2 billion in the same period last year. DIG’s revenue rose 41.5 percent year-on-year to VND352 billion in the quarter. The company received

VND1l2.5 billion from the sale of the DIC Phoenix apartment project and VND142.6 billion from transferring land use rights.

* Central Seafood Export and Import JSC has registered to sell its entire holding of 2.4 million shares, or a 4.86 percent stake, at Long Hau Company

(LHG). The investor expects to gain nearly VND60 billion from the share sales as LHG share price has surged nearly 32 percent at VND24,200 a share over

the past three months. Currently, Tan Thuan Industrial Development Co Ltd holds a 48.6 percent stake in LHG while Kingsmead Vietnam and Indochina Growth Master Fund is holding 6.78 percent.

* Personal lending chain F88 has launched the first free online asset valuation website in Vietnam, allowing people to get the estimated market

value of popular merchandises like cars, motorcycles, mobile phones and laptops. This is part ofF88′s commitment toward providing fast and friendly collateralised lending services.

* Ben Thanh Jewellery Company (BTJ) has completed the implementation of its NetSuite information technology system across all key areas of

the company’s operations, including an e-commerce platform at Precita. vn. According to a report of Mekong Capital, the implementation took six

months and the system has contributed to improvements in operational efficiency and online sales.

* OPC Pharmaceutical Company (OPC) has decided to pay a 2017 cash dividend for shareholders at lO percent. This year, the enterprise aims to offer

dividend payout ratio at 20 percent. OPC plans to obtain VND850 billion in revenue and VND1l7 billion in pre-tax profit, down 11.7 percent and up 3.5 percent compared to 2017 respectively.

* PetroVietnam Carnau Fertiliser Company (DCM) said its consolidated net profit fell 9.2 percent year-on-year to overVND258 billion in the first quarter

of this year, although its revenue rose 5 percent to VND1.27 trillion in the quarter.

* PetroVietnam Power Corporation (POW) plans to list on the Hochiminh Stock Exchange this year. It is seeking to sell shares to strategic shareholders at D14,900 each.


Category: Business, Vietnam

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