Business News Briefing

Hoa Phat Group (HPG) announced its first half of revenue 2014 of VND 13,339 billion, completed 58 percent of its business plan for 2014 and an increase of 58 percent, compared to the same period last year; gross profit of VND 1,874 billion; an increase of 85 percent, compared to the same period of 2013.

Da Nang Developing House Corp (NDN) said that the first half of revenue 2014 touched VND 77.3 billion with net gross of VND 12.7 billion, passed over 2 percent of its business plan for 2014. This year, NHN will issue its shares, aiming to mobilize VND 46.2 billion to pay short-term debt and increase its capital.

Petroleum Chemistry Corp (PVC) announced its revenue of VND 2,117 billion in the first half 2014; net profit of VND 171 billion; completed from 60 to 95 percent of its plan for 2014. PVC said that it is planning to reach VND 1,578 billion for the last six months with gross profit of VND 39.4 billion.

Vien Dong Saigon Technology Corp (SVT) announced that its first half of revenue 2014 reached VND 38.7 billion; gross profit of VND 2.5 billion; an increase 56 percent and 28 percent in turn, compared to the same period last year.

Viet –Korea Product Investment Corp (VHG) will change its name to be Quang Nam Rubber Investment Corp after completing the release of its shares to current shareholders, aiming to increase chartered capital up to VND 750 billion in 2014.

Pomina Steel Corp (POM) announced that Viet Steel Trade Co.Ltd (Thep Viet) will buy 11,300 shares of 5.29 million shares which were registered from June 12 to July 11. Accordingly, Thep Viet will have total of 116.74 million of POM’s shares.

Hoang Quan Trade-Service Corp (HQC) said that it will invest VND 72 billion to set up Hoang Quan Trade-Service and Consultant Co.Ltd with a ratio at 60 percent. In 2014, HQC targets to reach net revenue of VND 1,320 billion with gross profit of VND 150 billion; an increase of 201 percent, compared to the same period last year.

Source: ĐTTC –Translated by Mai Quyen

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