Business News in Brief

According to Vietnam Securities Depository (VSD), 69 more foreign investors were granted trading codes in July, of which 32 were institutional investors, and 37 were individual investors. Thus, by the end of July, VSD has issued trading codes for 16,440 foreign investors with 2,134 institutional investors, and 14,306 individual investors.

Dat Xanh Real Estate Service & Construction Corporation (DXG) approved a plan to issue 22.5 million shares in August or September at a price not less than VND10,000 per share to increase its charter capital to VND750 billion. Of which, 10.5 million shares will be issued for its existing shareholders at a ratio of 5:1, and the rest will be sold to its strategic shareholders. In the second quarter of this year, DXG got net revenue of VND11.1 billion, and post-tax profit of VND4.1 billion.

Vietnam Dairy Products Joint Stock Company (VNM) announced that it will close the list of shareholders on August 22 to advance dividends for the first term of this year in cash at a ratio of 20 percent on September 6. The company’s revenue exceeded VND15.15 trillion in the first half of this year, achieving 46.6 percent of this year’s plan, and post-tax profit was more than VND3.34 trillion, accounting for 53.7 percent of this year’s plan.

Refrigeration Electrical Engineering Corporation (REE) announced that in the first six months of this year, the company saw net profit of VND640 billion, achieving 98.5 percent of this year’s plan, of which profit in the second quarter of this year accounted for VND529 billion, up 200 percent compared to the second quarter of last year. The company’s profit increased as it received high profits and dividends from its associate companies, such as TBC, TMP, NBP, PPC, and Quang Ninh Thermoelectric Plant.

Hau Giang Pharmaceutical Joint Stock Company (DHG) announced that it will close the list of shareholders on August 19 to advance dividends for the first term of this year in cash at a ratio of 15 percent on August 30. With its current 65.3 million shares, DHG will need about VND98 billion for its dividends payment. In July, the company had successfully transferred its Eugica brand name, bringing in US$6 million. This sum of money will be posted in the company’s income in the third quarter of this year.

Khanh Hoi Export-Import Joint Stock Company (KHA) announced its consolidated financial statement for the second quarter of this year with revenue at VND19.3 billion and post-tax profit at VND8.9 billion, an increase of 50 percent and 41 percent year-on-year respectively. In the first half of this year, its revenue reached VND29.3 billion and post-tax profit touched VND15.8 billion. This year, the company planned to get revenue of VND77 billion, pre-tax profit of VND35 billion, and dividend payout ratio of 15 percent.

DANA-Y Steel Joint Stock Company (DNY) announced its financial statement for the second quarter of this year with revenue at VND640.7 billion, up 182.6 percent year-on-year, and post-tax profit at VND4.8 billion, down 29.2 percent year-on-year. In the first six months of this year, the company posted revenue of VND942.2 billion and post-tax profit of VND12 billion, up 79.8 percent and 25 percent year-on-year respectively, but merely accounting for 31.4 percent and 16 percent of this year’s plan.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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