Listed firm spend 10b dong on loan costs in Q3

Till October 26, as many as 369 of 655 enterprises (except banks, insurers and securities companies) have announced their fiscal reports for Q3 with loans outlay of up to 2.928 trillion dong and the cumulative figures in Jan-Sept. were up to nearly 8.36 trillion dong, the local online newspaper Vietstock reported on October 27.
However, of total 369 enterprises, as many as 65 businesses do not need to use the financial leverage.

Thus, with 304 firms using financial leverage, each enterprise will have to bear averagely nearly 10 billion dong loan costs in Q3 and it would be 27.49 billion dong in Jan-Sep.

Preliminary, enterprises in sectors such as metal, construction and real estate have been using higher financial leverage than other sectors. In Q3 alone, Hoa Phat Group (HPG), Ha Tien Cement JSC (HT1) and Hoang Anh Gia Lai Group Joint Stock Co (HAG) reported the highest loan costs. – Source: vietbiz24.com

Tags: vietnam stock, Vietnam stock market, VNindex

Posted by VBN on Oct 29 2011. Filed under Stock. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry