Business News in Brief

Hoa Phat Group (HPG) reached its profit of the first 6 months of VND 1,874billion, an increase of 87 percent, compared to the same period last year and fulfilled 85 percent of its net profit target for 2014.

This result is due to the second phase of Hoa Phat complex in Hai Duong has been put into operation and the revenue from the property section increased strong in the first half of 2014.

Ocean Hotel&Service Corp (OCH) announced Ocean Group Company (OGC) has registered to sell 12.2million shares of OCH starting August 12 to September 9. Before the transaction, OGC occupied 142.2million shares, equal to 71.08 percent of OCH capital. In July 2014, OGC registered to sell over 12million shares of OCH but the trade has not been carried out, yet.

Petrol Commodities Corp (COM) announced to close its shareholder list on August 20 and pay advanced cash dividend ratio at 10 percent for the third term of 2013 and the first term of 2014 in late August 2014. In the first half of 2014, COM had profit of VND 18.2billion, up 45 percent compared to the same period last year, and fulfilled 65 percent of its business target for 2014.

Saigon Stock (SSI) Corp is planning to sell over 3million shares in one month starting August 15, costing VND 28,000 per share. In the first half of 2014, SSI reached net profit of VND 482billion, up 140 percent compared to the same period last year. Total possession reached VND 10,760billion, increased VND 3,400billion, compared to the beginning of year.

Vinh Hoan Corp (VHC) approved to buy Van Duc Tien Giang Export Food Corp with a cost of VND 360billion; equivalent to 25.54million shares. The transfer will be carried out in two terms. The first term will transfer 25.3 million shares, equal to 99.06 percent of chartered capital, worth VND 356.62billion.

Tien Giang Construction & Investment Corp (THG) will invest Trade House Area in Trung An Commune of My Tho City. Total investment capital is VND 191billion and expected to be completed in four years.

Bien Hoa Sugarcan Corp (BHS) announced its first half of business result with net profit of VND 42billion, an increase of 720 percent, compared to the same period last year. Total possession reached VND 2,273billion, up 3 percent compared to earlier this year.

ĐTTC –Translated by Thanh Tran

Other news