Business Briefs January 16

16-Jan-2014 Intellasia | | 11:25 AM Print This Post

* Military Insurance Corporation will give gifts to customers buying car insurance worth over VND5 milion from now until March under a promotion programme worth nearly VND1 billion. The programme is applicable to customers at its transaction offices and agents as well as on the website

* PetroVietnam Transportation Corporation earned VND5.045 trillion in revenue and VND361 billion in pre-tax profit last year, equivalent to 122 percent and 603 percent of its targets for the year.

* Power solutions provider CyberPower has announced Petrosetco Distribution Joint Stock Company as its exclusive distributor in Vietnam.

* Za Hung Joint Stock Company has opened Nam Pong Hydropower Plant in Nghe An Province. Having an investment of nearly VND800 billion, the 30- MW plant can generate 130 million kWh per year.

* BIC Vietnam Joint Stock Company has kicked off construction of the low-cost housing project Rice City Song Hong in Hanoi’s Long Bien District. The project consisting of three 21-floor buildings is constructed in an area of over 10,000 square meters and will supply over 500 apartments.

* Dinh Vang Nha Trang Company, the investor of Dinh Vang Cam Ranh eco-tourism site in Khanh Hoa Province, will open a hotel in Cam Ranh peninsula’s northern area on Monday.

* Vinh Long Cereal and Food Import Export Company (VLF) has announced January 22 as the ex-dividend date to pay 2012 dividend in cash for shareholders at 8%.

* DIC Investment and Trading Company (DIC) targets nearly VND3 trillion in revenue and VND22.9 billion in pre-tax profit this year, slightly higher than in 2013.

* Steel maker Hoa Sen Group (HSG) has announced January 22 as the ex-dividend date for 2012-2013 interim cash dividend payment. The enterprise will pay VND1,000 for each share on February 19.

* Dam Sen Water Park Corporation (DSN) made a net profit of VND67.2 billion last year, rising 3.4 percent from a year earlier thanks to a decrease in financial costs. Its revenue increased 8.8 percent year-on-year to nearly VND171 billion in 2013 and the full-year earnings per share were VND7,950.

* Pan Pacific Corporation (PAN) has announced January 22 as the exdividend date for shareholders to receive 2013 dividend in cash at 10%.

* Ocean Group Company has decided to sell 10 million shares of PetroVietnam Premier Recreation Company (PVR), or a 19.3 percent stake, from January 17 to February 14 while Pacific Fund Management Joint Stock Company will also offload over 12.4 million PVR shares, or a 24 percent stake, in the same period.

* Dinh Hong Long, chair and general director of Hanoi Investment general Corporation (SHN), has registered to buy 500,000 SHN shares.

* FLC Joint Venture Investment International Company (KLF) estimated a pre- tax profit of VND40 billion last year, jumping four-fold from a year earlier, thanks to the earnings from trading of steel, stainless steel and services. Its revenue doubled year-on-year to over VND391 billion in 2013.

* Thuan Thien Trading Investment Company has net bought 790,000 shares of Sai Gon Thuong Tin Real Estate Company (SCR), raising its holding in the realty firm to 12.13 percent from the earlier 11.6%. Thuan Thien Company purchased 1.36 million SCR shares and sold 568,200 shares.


Category: Business

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