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Bedding maker to list in HCM City
The Ha Noi-headquartered bedding firm Everpia has received listing approval from the HCM City Stock Exchange and plans its first trading session this month.
Established in 1993 as the first wholly South Korean-owned firm in Viet Nam, it became a joint stock company in 2007. It has a charter capital of over VND153 billion (US$7.6 million).
Last year, Everpia netted a profit of VND85 billion from a turnover of VND424 billion, up from 2007's VND21 billion and VND241 billion, respectively.
This year it targets to earn VND 97 billion from a turnover of VND570 billion, although the first six months brought in just VND28 billion in net profits. The final months of the year, when demand typically increases, are expected to make up the annual target.
The company also plans to develop a new factory in the north and acquire another new one in Dong Nai Province to expand production.
vietnamnews
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