North Kinh Do raises 2009 pretax profit forecast by 67 pct

North Kinh Do Food Joint-Stock Co., a Vietnamese snack-food producer, raised its full-year pretax profit forecast by 67 percent to VND100 billion dong (US$5.6 million), according to an e-mailed statement Wednesday.

The company, based in the northern province of Hung Yen and partly owned by Citigroup Inc., plans to issue 2.5 million shares and give them to shareholders as dividends, and list 2.8 million shares on the Ho Chi Minh Stock Exchange after it obtains official approval, according to the statement.

thanhnien, Bloomberg

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