Business Briefs 12 February, 2018

12-Feb-2018 Intellasia | | 11:23 AM Print This Post

* Hoa Sen Group (HSG) has announced to pay a dividend of 10 percent in cash and 10 percent in shares for the fiscal year 2016-2017. For the share dividend payment, HSG plans to issue 35 million shares with a total value ofVND350 billion. The steelmaker will close its shareholder list in June and complete the payment before July 16.

* PGBankhas got approval from the State Bank ofVietnamto raise its chartered capital from VND3 trillion tomore than VND3.1 trillion by issuing shares to pay a dividend for shareholders. The issuance plan was passed at the lender’s annual general meeting last October.

* Dry Cell and Storage Battery Company (PAC) looks to obtain VND800 billion in revenue and VND37 billion in pre-tax profit in the first quarter of 2018. In 2017, it fulfilled its profit target ofVND165 billion while its revenue was over VND2.8 trillion, nearly 4 percent higher than estimated.

* Vinh Hoan Corporation (VHC) expects its consolidated net profit to expand 9.6 percent versus last year to VND650 billion in 2018. VHC targets consolidated revenue ofVND9.3 trillion and export sales ofUS$350 million in 2018, up 14 percent and 17 percent compared to 2017 respectively. The firm plans to earn $20 million from its value-added products and $10 millioh from collagen and gelatin products, said Viet Capital Securities Company.

* Ha Tay Pharmaceutical Company (DHT) will spend VND12.5 billion paying an interim dividend ofVND1,000 per share for 2017 on March 15. Currently, DHT has 12.56 million outstanding shares. The company will hold its annual shareholder meeting on March 1. DHT plans to issue shares for bonus giving at a 100-for-50 ratio and offer shares equal to 30 percent of its registered capital for its existing shareholders.

* C.E.O Group Company (CEO) said its consolidated net profit jumped 39.6 percent against 2016 to more than VND321 billion last year. CEO’s consolidated revenue rose 29.9 percent to VND1.83 trillion in 2017. Its total assets had jumped 47.4 percent from the end of2016 to VND5.6 trillion as of December 31,2017.


Category: Business, Vietnam

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