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VIS – peak at the ceiling price
Viet Nam – Italy Steel Joint Stock Company (VISCO) has explained of peaking at the ceiling price in 5 consecutive sessions as follows:
Business production: exceed profit of quarter 3/2007
Revenue: VND389 billion/VND430 billion, reach 90%
Profit: VND4.5 bilion/VND3.5 billion, reach 129%
Invest into steel refining factory with capacity of 400,000 tons/year
VISCO has set up Hai Phong steel refining one-member limited liability Company to speed up building the steel factory with modern technology. Total investment cost estimates at VND740,229,945,000
Internal rate of return: 20.67%
Net Present Value: VND503,464,288,000
Net profit/investment capital : 19.12%
Time of refund : 6 years
The factory will be put into operation in 2008
Deutsche Bank and HABUBANK have supported the company through buying its bonds at interest rate of 9% - 11% within 5 years with total value up to VND200 billion without mortgage and underwriting, it just bases on business scale and prestige of the company in the market.
HoSE
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