Ha Tien 1 pretax profit, Vietnam

Ha Tien 1 pretax profit, Vietnam
Published: 17 June 2010

Ha Tien 1 Cement Joint Stock Company (HT1) targets a pretax profit of VND320bn (US$16.84m), and a dividend payout equivalent to VND500/share in 2010.

It expects to produce 2.42Mt of clinker and sell 6.05Mt of cement, including 100,000t to Cambodian market this year.

Previously, it issued 88 million new shares to merge Ha Tien 2 Cement JSC (HT2), which will help the firm increase its cement production and raise competition in the local market. After the merger, the new firm has a registered capital of VND1.98 trillion.

HT1 is traded on the Hochiminh Stock Exchange, with a combined 5.65% stake held by foreigners and 65% by the state as of June 15.