Hoang Mai Cemen to Buy Back 2M Shares

Hoang Mai Cemen to Buy Back 2M Shares
Published: 27 May 2011

Hoang Mai Cement JSC (HOM), listed on the Hanoi Stock Exchange, plans to buy back two million shares between May 30 and August 30.

As a result, the cement producer expects to raise its number of treasury shares to over 4.47 million from current over 2.47 million.

In the first quarter, HOM made a net profit of VND21.26bn (US$1.01m) on revenues VND415.58bn, up 21.82% and 31.22% on year, respectively.