Business News in Brief

Tien Len Steel Corp (TLH) will organize a shareholders’ meeting on April 6 to launch VND 200 billion worth in bonds for An Phuoc Commercial Resident Area in Long Thanh, Dong Nai Province.

This meeting also aims to add more capital in order to buy materials for North-South Steel Factory.
TLH is expected to reach its revenue target of VND 4 trillion in 2014 and a gross profit of VND 125 billion, with advanced cash dividends of 12 percent.

Trade Investment & Real Este An Duong Thao Dien Corp (HAR) announced to issue 18.2 million shares for the Midpoint Court Project and Glendwood Residence. HAR’s chartered capital reached VND 546 billion after posting on bourse.

Viet Thang Breeding Food (VTF) announced the year’s revenue plan with VND 4 trillion and net profit of VND 127 billion, with advanced cash dividends of 10-20 percent. In 2013, VTF’s consumption reached 378,351 tons, with revenue at VND 3,999 billion and profit at VND 126.3 billion.

An Giang Import-Export Corp (AGM) will organize its annual shareholders’ meeting on April 11 to announce the 10 percent dividend payment for 2013. This payment will be carried out on May 22. AGM expects to reach VND 2.084 billion in revenue with gross profit of VND 30.1 billion this year.

Vinh Phuc Infrastructure Development Corp (IDV) will receive net profit of VND 21.4 billion for six months. IDV is currently investing in Khai Quang and Chau Son industrial zones.

Education Investment & Development Ha Noi Corp (EID) plans to hold the year’s shareholders meeting on April 11. EID’s target revenue for 2014 will be VND 347 billion with a gross profit at VND 30 billion and dividend payout ratio at 10 percent.

The company reached revenue target at VND 392.8 billion with a profit of VND 31.6 billion and dividend payout ratio at 15 percent in 2013.

ĐTTC – Translated by Mai Quyen

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