AgriBank Securities Joint-Stock Corporation (AGR) announced its business result for the first six months of the year with revenue at VND231.3 billion, and post-tax profit at VND19 billion, a decrease of 52 percent and 65 percent compared to the same period last year. In the second quarter of this year alone, the company’s revenue was at VND106.6 billion, and post-tax profit at VND9.9 billion, a decrease of 61 percent and 24 percent year-on-year, respectively.
VNDirect Securities Corporation (VND) announced that its revenue in the second quarter of this year dropped by 9.9 percent compared to the same period last year to VND76.7 billion while post-tax profit rose 135.6 percent to VND69.9 billion. Its profit increased as the company added provision for devaluation of securities, provision for long-term debt in 2012, and dividends from long-term investments.
PetroVietnam General Services JS Corporation (PET) announced that Saigon-Hanoi Fund Management Joint Stock Company (SHF) registered to sell 5.1 million shares of PET until August 17 to divest. If the transaction is successful, SHF will no longer be shareholder of PET.
Vietnam Joint Stock Commercial Bank for Industry and Trade (CTG) plans to issue 457.3 million shares for its existing shareholders at a ratio of 14 percent to mobilize more than VND4.57 trillion to increase its charter capital to more than VND37.23 trillion this year, of which, VND1.82 trillion will be used to add to its credit, VND1 trillion to expand its network, VND850 billion for infrastructure and technology, and VND900 billion to expand investments. Before adding capital, the company will pay dividends for the year 2012 in cash at a ratio of 16 percent.
Sai Gon Thuong Tin Commercial Joint Stock Bank (STB) announced that in the first six months of this year, it mobilized VND126.87 trillion, and lent VND109.58 trillion. The company’s pre-tax profit was at nearly VND1.45 trillion and its total asset by June 30 this year reached VND159.66 trillion, up 5.5 percent compared to the beginning of this year. Recently, the lender was allowed to increase capital by 17 percent from VND10.74 trillion to more than VND12.42 trillion via share issuance to pay dividends for the year 2011 and for its key officials.
Pomina Steel Corporation (POM) announced that Thep Viet Company registered to buy 6.2 million shares of POM until August 15 to increase its ownership ratio to 65.48 percent. Earlier, Thep Viet only managed to buy 103,570 shares. In the first quarter of this year, POM reached revenue of VND2.83 trillion, and loss of VND23.3 billion. This year, the company set revenue target at VND12 trillion and profit at VND200 billion.
Ben Thanh Trading & Service Joint Stock Company (BTT) estimated that in the first half of this year, the company got net revenue of VND164 billion, accounting for 54.7 percent of the plan, and pre-tax profit of VND31 billion, accounting for 70.5 percent of the plan, up 25.5 percent year-on-year. On August 1, BTT will close its list of shareholders to pay dividend for the first term of this year in cash at a ratio of 10 percent on August 16. The company seeks pre-tax profit of VND44 billion, and dividend payout ratio of at least 18 percent.
