Vietnam Cement Finance posts pre-tax profit

Vietnam Cement Finance posts pre-tax profit
Published: 21 July 2011

Cement Finance Joint Stock Company (CFC), an affiliate of Vietnam Cement Corporation, said it made a pretax profit of VND49bn (US$2.38m) in the first half of this year.

At end-June, CFC had total asset of VND3trn, the company said in a statement posted on its website, without giving comparative figures.

This year, CFC targets a pretax profit of VND136bn in 2011, rising 26% from last year, and a dividend payout equivalent to VND1,400/share.

CFC expects to have total assets of VND3.6trn. It also plans to offer VND500bn of bonds and pay 2010 interim dividend in shares at a 5.22-for-100 ratio, aiming to raise its registered capital.