Business News Briefing

Vndirect Stock Co. announced their first quarter revenue at VND 104.6 billion, an increase of 67.8 percent compared to the same period last year.

The company’s gross profit reached VND 46.4 billion, an increase of 70 percent compared, and short-term debt of VND 2,247 billion, three times the rate compared to the end of last year.

Supe & Chemical Lam Thao (LAS) announced its first quarter revenue of VND 1,825 billion, a decrease of 2.5 percent compared to last year. The company’s gross profit reached VND 150.3billion, an increase of 1.1 percent compared to last year. Accounting to end first quarter of 2014, money and other terms of LAS increased 12.7 percent and stored production decreased 36.2 percent at VND 1,175 billion.

Cuu Long Petrol Investment & Development Corp (CCL) approved its plan of 2014 with revenue increased of 86 percent compared to last year and a gross profit increase of 380 percent with VND 10.2 billion with dividend payout ratio at 10 percent. In 2013, the CCL’s revenue reached VND 45.4 billion, net profit of VND 2.1 billion.

Da Nang Rubber Corp (DRC) said its first quarter revenue reached VND 705billion, net profit of VND 110billion, completed the year’s plan of 20 percent and 26 percent. The second quarter plan is expected to reach VND 900billion with net profit of VND 125 billion.

Lotus Group Corp (HSG) announced to be listed its shareholders on May 23 and will pay dividend of 2012-2013 in cash ratio at 10 percent on June 26. The first advanced cash dividend payout was paid on February 19 with ratio at 10 percent.

Gia Lai Duc Long Group Corp (DLG) announced its first quarter revenue of VND 83billion, a two-fold increase of last year. The reason for this success is due to the wooden revenue increased of 135 percent, with a gross profit of VND 15.6billion, an increase of 32.7 percent compared to last year. The expenditure of finance activity decreased 39 percent.

No.2 Industrial Urban Development Corp (D2D) approved its business plan of 2014 with revenue target of VND 275billion, net profit of VND 55billion, and advanced cash dividend payout ratio at 25 percent. In 2013, D2D’s net profit reached VND 61.7billion, passed 2.1 percent of its target.
47 Construction Corp (C47) approved to post 2.4 million shares, increasing its capital to VND 120 billion. In 2014, C47’s revenue target is expected to reach VND 1,350billion, with a gross profit of VND 32billion and dividend payout ratio at 15 to 20 percent.

by ĐTTC –Translated by Mai Quyen

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