Vietnam CFC Pretax Profit Surges 50% in 2010

Vietnam CFC Pretax Profit Surges 50% in 2010
Published: 11 January 2011

Cement Finance Joint Stock Company (CFC), an affiliate of Vietnam Cement Corporation, said it made a pretax profit of VND108.5bn (US$5.56m) in 2010, surging 50% from a year earlier.

At end-2010, it had total assets of VND3.476trn, up 3.65% from end-2009, CFC said on its website.

The finance company will pay a dividend equal to VND1,500/share.

In 2011, CFC targets a pretax profit of VND136bn and total assets of VND4trn.