HV CORP: PROFIT HIT VND500 BILLION IN FISCAL YEAR 2015-2016
Member's activities 02/11/2016 - Thái Nguyễn Phương Ngân
The Board of Hung Vuong Corporation (Hung Vuong Corp – HOSE: HVG) has just approved a preliminary report on its production and sales of the fiscal year from 1st Oct 2015 to 30th Sep 2016.
Accordingly, total consolidated revenue of the company estimated at over VND20,000 billion. The consolidated profit before tax was VND500 billion.
Earlier, according to the report in QIII/2016 in the financial year of 2015–2016, in the first 9 months of the year, the company achieved more than VND14,936 billion in net revenue, more than VND315 billion in profit before tax, completing 63.2 % of the yearly plan. Thus, the earnings in the last quarter of the financial year estimated at VND185 billion.
In the fiscal year of 2016 - 2017, HVG planned to reach VND24.000 billion in total consolidated revenue, VND700 billion in consolidated profit (before tax), up 20% and 40% year on year, respectively. The company expected to pay dividends to shareholders in shares or cash at the rate of 20%.