Vietnam Dairy Products Joint Stock Company (VNM) announced that it will close its list of shareholders on June 18 to pay dividends for the second term of 2012 in cash at a ratio of 18 percent on June 28. In the first quarter of this year, VNM reached net revenue of more than VND6.67 trillion, post-tax profit of more than VND1.53 trillion, an increase of 13.6 percent and 20.5 percent respectively compared to the same period last year, with earnings per share at VND1,837.
Ninh Binh Thermal Power Joint Stock Company (NBP) has recently approved business plan for this year with revenue target of VND753 billion, post-tax of VND10.4 billion, and dividend ratio of 5 percent. They continued planning to recover and improve equipment to increase business effectiveness and prolong longevity of its plant. Last year, NBP reached total revenue of VND647.3 billion, net profit of VND28.4 billion, and dividend payout ratio of 13 percent.
VietFund Management (VFM) announced that it successfully sold fund certificates of Vietnam Bond Fund (VFMVFB), mobilizing more than VND100 billion. VFMVFB is the first bond fund managed by VFM and approved by the State Securities Commission (SSC) in February 27, 2013. The fund’s main goal is seeking profits from investing in debt securities.
Phu Thinh-Nha Be Garment Joint Stock Company (NPS) announced that it will close its list of shareholders on June 7 to pay dividends for last year in cash at a ratio of 20 percent on June 28, same as the previous year. This year, the company targets revenue of VND48 billion, pre-tax profit of VND6.5 billion, and dividend payout ratio of 15-20 percent. By the end of first quarter of this year, NPS achieved revenue of VND8.5 billion and pre-tax profit of VND1.1 billion.
Nam Kim Steel Joint Stock Company (NKG) announced that its chairman, Ho Minh Quang, registered to buy 1.1 million shares from May 31 to June 27 to increase his ownership to 7.15 million shares or 23.9 percent. At the beginning of April, NKG was put in warning status for continuously violating regulations on information disclosure.
Power Engineering Consulting 2 Joint Stock Company (TV2) announced that it will close its list of shareholders on June 11 to pay dividends for last year in cash at a ratio of 20 percent on June 27. This year, the company targets revenue of VND229 billion, post-tax profit of VND15.4 billion, and dividend payout ratio of 18 percent. In the first quarter of this year, the company had revenue of VND33.9 billion and post-tax profit of VND1.7 billion.
Thanh Cong Textile Garment Investment Trading Joint Stock Company (TCM) has recently signed a memorandum of understanding with E-land Asia Holding to develop the real estate project, TC1 Tower, in Ho Chi Minh City’s Tan Phu District. In the first quarter of this year, TCM reached revenue of VND546 billion, slightly increased compared to the same period last year, and profit of VND22.6 billion while the company suffered a loss of VND14 billion in the same period last year.
Viet An Joint Stock Company (AVF) approved a plan to raise its chartered capital to above VND520 billion this year by issuing 23.4 million shares for existing shareholders at a ratio of 10:8 at a price not less than VND5,000 per share, and 1.66 million shares for its employees at a price of VND5,000 per share. The amount of money collected from this share issuance will be used to build Phu Thuan and Binh Thanh farms and added to the company’s working capital. In 2012, AVF enjoyed net profit of VND32.3 billion and pay dividends in cash at a ratio of 10 percent instead of paying by shares at a ratio of 3:1.
