In 2011, Hung Vuong Corporation (Coded: HVG) earned VND540.3 billion pre-tax profit on the revenue of VND7.8 trillion, up respectively 20% and 96.2% against the target.
Hung Vuong Corp’s consolidated net profit was VND112.3 billion in Q4/2011, up 122.6% from a year ago.
The profit from associated companies was VND30.15 billion in Q4/2011, rising 114.7% from a year earlier. Other profits soared 20-fold to VND1.8 billion in the period.
The company generated a net revenue of VND1.9 trillion in the quarter, compared to VND1.4 trillion a year back.
Its financial income reached VND56.4 billion in Q4/2011, down 27.7% year on year while financial expenses increased by 17.8% to VND96.2 billion.
The firm had total assets of VND6.37 trillion at the end of the quarter, higher than VND5.4 trillion at the beginning of the year.
On February 15, 2012, HOSE announced Hung Vuong Corp’s 2011 first payment of cash dividend at the rate of 10% (VND1,000 per share). Accordingly, March 6 is ex-dividend date and March 8 is record date. The dividend payment date will be March 30 this year.
HSX, Hung Vuong