Business Briefs 16 Oct 2019

16-Oct-2019 Intellasia | | 8:59 AM Print This Post

* LDG Group has signed an agreement with Red Brick International, an investment fund from Singapore, to develop the Bai But Sea Tourist Area project in Danang City. Under the deal, the fund will inject US$350 million into the project.

* Construction JSC No.3 (VC3) has released its consolidated financial report in the third quarter of 2019, with its real estate revenue rocketing 25.6-fold year-on-year, from VND3.1 billion to VND79.3 billion. Its net revenue and after-tax profit amounted to VND115 billion and VND23.2 billion in the third quarter, up 165% and 673% year-on-year, respectively.

* Vinataba Trading and Investment JSC (VTJ) has said in its third quarter financial report that the firm had stopped trading tobacco due to inefficiency and suffered a loss of some V D 1 billion in the third quarter. The firm is restructuring its operation. Thanks to its huge profits over the first two quarters of 2019, VTJ made an after-tax profit of VND12.8 billion over the past nine months.

* Transimex Corporation (TMS) has approved a plan to pay a 2018 dividend of 10% in cash and 15% by shares this quarter. The firm will spend VND54.9 billion on cash dividend payment and issue 8.23 million shares for its shareholders. In the first half of 2019, TMS booked over VND1.18 trillion in revenue, up 6% year-on-year, and VND128.6 billion in before-tax profit, up 11 %, meeting 48% of the full-year targets.

* Hanoi Battery Company (PH) has decided to scale down its manufacturing output by 5% against its original plan to 345.2 million batteries of all kinds. As such, its revenue will also drop by 7% at VND350 billion versus the initial plan.

* South Basic Chemicals JSC (CSV) has announced October 21 as its ex-dividend date to pay a 2019 first round dividend of 10% in cash for shareholders. The payment date is slated for November 5.


Category: Business, Vietnam

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