Business News in Brief

Ben Thanh Trading & Service JSC (BTT) announced that it will close the list of shareholders on November 14 to pay dividends for 2013 in cash at a ratio of 10 percent on November 29. Earlier, BTT advanced dividends for the first term of 2013 in cash at a ratio of 10 percent on August 16. In the first three quarters of this year, BTT saw net profit of VND32.2 billion, up 14.3 percent year-on-year.

Pomina Steel Corporation (POM) announced that Thep Viet Company registered to buy 5.7 million shares of POM in November to increase its ownership to 122.02 million shares. Last month, Thep Viet bought 204,680 shares of POM, raising its holdings to 116.32 million shares.

REE Corporation (REE) announced that it posted net profit of VND839 billion in the first nine months of 2013, up 71 percent year-on-year, exceeding 29 percent of this year’s plan. Since the beginning of this year, REE has invested more than VND1.16 trillion into Pha Lai Thermal Power Joint Stock Company, VND70.7 billion into Vinacomin-Nui Beo Coal JSC, and VND31.3 billion into Thu Duc Water Supply Joint Stock Company.

PetroVietnam Southern Gas JSC (PGS) announced that its nine month post-tax profit touched VND198.5 billion, up 41.8 percent year-on-year, exceeding 9.7 percent of this year’s plan, as loan interest fell 65.4 percent and other expenses declined 76.8 percent while compressed natural gas production increased strongly.

Bibica Corporation (BBC) announced that it will close the list of shareholders on November 15 to pay dividends for 2012 in cash at a ratio of 12 percent and advance dividends for 2013 in cash at a ratio of 6 percent on December 5. Therefore, with 15.4 million shares floating in the market, BBC will have to spend VND27.8 billion for this dividend payment.

Viet-Han Corporation (VHG) decided to transfer all its stake of 3.75 million shares in Kim Tin Plastic JSC after successfully transferring 10.65 million shares of this company, giving priority to founding shareholders. In the first nine months, VHG got net profit of VND75.5 billion while it lost VND21.8 billion in the same period last year.

Thac Ba Hydro Power JSC (TBC) announced that it successfully sold 2 million shares out of 5 million shares of Hai Phong Thermal Power JSC that it was holding, at VND11,500 per share, collecting VND23 billion. In the first nine months, TBC had net revenue of VND227 billion, and net profit of VND126.3 billion, exceeding 71 percent of this year’s plan.

Mien Trung Power Investment & Development JSC (SEB) announced that it will buy back 8.26 million shares of Tra Xom Hydro Power JSC sold by Song Da Corporation in three terms at VND10,000 per share, or VND82.6 billion. In the first three quarters, SEB saw revenue of VND67.3 billion and post-tax profit of VND27 billion, down 27.7 percent and 45.5 percent year-on-year, respectively.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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