Hoa Phat Group exceeds profit target, plans to issue bonds

Hoa Phat Group (HPG) earned VND664 billion (US$36.3 million) in October, bringing its ten-month earnings to over VND6.48 trillion ($354.4 million), or about 91 per cent of the target for the entire year.

Its net profit reached VND100 billion ($5.5 million) last month, bringing profits in the first 10 months of the year to over VND1.14 trillion ($62.7 million), a total that exceeds the target for the year by 25 per cent.

The company has also announced a plan to issue convertible bonds worth a total of VND1-1.6 trillion ($54.6-87.4 million).

Tags: Hoa Phat Group, Vietnam business news, Vietnam enterprise, Vietnam stock market

Posted by VBN on Nov 20 2009. Filed under Enterprises, Stock. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry