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Business News in Brief

Vinamilk (VNM) will close the list shareholders on August 15 and issue 166.69 million bonus shares to current shareholders at a ratio of 20 percent. After share issuance, VNM will own its chartered capital of up VND 1trillion.

Lix Detergent Corp (LIX) announced its 2nd quarter revenue for 2014 was VND 435 billion with a net profit of  VND 26.8 billion; an increase of 22 percent and 28 percent in turn; compared to the same period last year. In the first half 2014, LIX’s revenue reached VND 823 billion, a rise of 14 percent, compared to the same period last year and fulfilling 51.4 percent of its yearly target. Gorss profit gained VND 34.7 billion, a decrease of 2 percent compared to the same period last year and fulfilling 48.3 percent of its yearly target.

Hoa Sen Group (HSG) estimated production at 595,411 tones with a revenue of VND 10,963 billion and gross profit of VND 281.3 billion in the first nine months of finance year  2013-2014 (from October 1, 2013 to September 30, 2014).  Earlier, chairman Le Phuoc Vu rigistered to sell 3 million shares.

Vietnam Petrol High-end Service Corp (PVR) announced that Ocean Group Corp (OGC) continues selling 5.14 million PVR’s shares. 

Song Da 9 Corp (SD9) will close the list shareholders on July 29. This will enable them to pay dividens of 10 percent on August 25 for the second term of 2013. In the 1st quarter of 2014, SD9’s revenue was VND 229.2 billion with a gross profit of VND 13.5billion; EPS attained VND 2,432 per share.

Petrolimex Import-Export Corp (PIT) approved the plan to issue 2.37 million bonus shares to current shareholders with a ratio of 20 percent from surplus source; aiming to increase its chartered capital up to VND 152 billion. In 2013, PIT lost VND 21.1 billion; the 1st quarter of 2014, PIT reached net revenue of VND 1,145 billion with a gross profit of VND 5.1 billion.

Nhi Hiep Brick Corp (NHC) announced its six month revenue for 2014 was VND 58 billion with a gross profit of VND 4.2 billion; fulfilling 58 percent and 57 percent of its yearly plan for 2014. The 3rd quarter plan of 2014, NHC expects to reach revenue of VND 32 billion and its profit will exceed VND 1 billion.

No.2 Construction Corp (VC2) announced its gross profit of the 2nd quarter 2014 was over VND 7billion. In the first half 2014, VC’s gross profit wasVND 16.5 billion, an increase of five times compared to the same period 2013.

Source: ĐTTC –Translated by Mai Quyen

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