Business Briefs 12 April 2019

12-Apr-2019 Intellasia | | 9:21 AM Print This Post

* Phu Tai Company (PTB) looks to attain net profit of VND458 billion in 2019, up 15% against last year. Its revenue is projected at VND5.86 trillion, up 23%. PTB plans to spend VND150 billion paying a dividend of VND3,200 per share for 2018 in the third quarter of 2019 and VND141 billion paying a dividend of VND3,000 per share for 2019. It plans to acquire 1.5 million treasury shares, equal to 3% of its total outstanding shares, between March 19 and April 17.

* Taseco Air Services JSC (AST) announced its 2019 business plan at an annual shareholder meeting, with revenue forecast to rise 31 % year-on-year to VND 1.1 3 trillion, and pre-tax profit projected to rise 21 % to VND245.7 billion, It is planning to pay a dividend of25% to 40%.

* Bui Minh Than, a member of the board of directors at Transimex Corporation (TMS), has registered to buy one million TMS shares from April 11 to May 10. This purchase would send his ownership of TMS to 14.66%, or over 6.96 million shares.

* Viet jet Aviation Company (VJC) has agreed to advance a 10% cash dividend payment to its shareholders, equivalent to more than VND542 billion. The budget airline plans to pay a dividend of 50% both in shares and cash for fiscal 2018.

* PetroVietnam Gas Corporation (GAS) has decided to raise its 2018 dividend from 40% to 53% thanks to its higher-than-expected business performance last year. The company has already paid 40% for 2018′s dividend and the remaining 13% will be paid this year.

* Thanh Nien Printing JSC offloaded all of its three million shares in Sai Gon Thuong Tin Real Estate JSC (SCR), or a 0.88% stake, on April 4.

* Vo Viet Thanh, a member of the board of directors at Thuong Phu Coffee JSC (CTP), has registered to sell 2.65 million CTP shares between April 10 and May 9. He currently holds nearly three million CTP shares, or a 24.7% take, in the firm.


Category: Business, Vietnam

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