Business News in Brief

Bien Hoa Packaging Corp (SVI) will close the list of shareholders on August 15 and pay advanced cash dividend ratio at 10 percent  for the first term of 2014 on August 28.  According to the business plan of the third quarter 2014, SVI has expected to reach revenue of VND 300 billion, gross profit of VND 19 billion.

Petrovietnam Gas Corp (GAS) announced its revenue in the first half of 2014 reached VND 30,400 billion, an increase of 9 percent compared to the same period last year; net profit of VND 7,738 billion, a decrease of 11 percent compared to the same period last year; EPS touched VND 3,292 per share.

Quang Ninh Construction and Cement Corp (QNC) announced to contribute VND 2 billion to establish An Khang Construction Investment Company (chartered capital of VND 5 billion) from an enterprise which was a branch of QNC. Besides dissolving this enterprise, in 2014, QNC has also liquidated, rented equipment and arranged human resources to dissolve Motorized crew.

An Duong Thao Dien Real Estate Trade Corp (HAR) announced Mr. Nguyen Gia Bao, deputy chairman of board of directors, registered to sell privately VND 2.4 million shares from August 7 to September 5, aiming to reduce ownership ratio from 8 percent to 1.4 percent of chartered capital, equivalent to 512,000 shares. Gross profit margin of HAR in the second quarter 2014 was VND 8.7 billion, reduced 7 percent compared to the same period last year

Camau Frozen Seafood Processing Import Export Corp (CMX) approved its business plan of 2014 with total production of 5,200 ton of finished shrimp; export turnover of USD 55 million, net revenue of VND 1,161 billion, net profit of VND 41.6 billion. In 2013, CMX planned net profit to reach VND 15 billion but loss nearly VND 127 billion.

PetroVietNam Drilling and Well Services Corp (PVD) signed a deal of extending the contract of supplying automatic lifting drilling platform PV Drilling I to Cuu Long JOC in the period of 2 years to serve the campaign of exploiting Brown Lion and White Lion mines.

Cuchi Commercial and Industrial Developing Investment Corp (CCI) announced the second half of 2014 business plan with target revenue of VND 287.8 billion, net profit of VND 12.5 billion; continues to contribute money to Hoc Mon Food Manufacturing Corp. In the first half of 2014, CCI accumulative revenue reached VND 240 billion; net profit touched VND 5.7 billion.

Hoa Binh Construction & Real Estate Corp (HBC) will close the list of shareholders on August 15 and pay advanced cash dividend ratio at 5 percent on August 25. In the first 6 months of 2014, HBC accumulative net profit was VND 6.4 billion, a decrease of 89.3 percent compared to the same period last year. In 2014, the company expects to reach the net profit of VND 175 billion, 7.4 times higher than the level of 2013.

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