Hai Phong thermal plant to list on UPCoM

The Hai Phong Thermal Power Plant JSC is planning to list its shares on the unofficial market of UPCoM.

The thermal plant announced at its general shareholders meeting late last month that with the production of 6,937 million kWh, it had reached a total revenue of VND9.1 trillion (US$407.5 million) and profit before tax of VND391 billion.

The company expects to pay VND350 billion in dividends, which amounts to 7 per cent of the charter capital.

With 26 per cent stake, the firm's largest shareholder -- Pha Lai Thermal Power JSC -- has more than VND91 billion worth of dividends.

This year the firm has planned the production of some seven billion kWh, a total revenue of VND9 trillion and profit before tax of VND449 billion. It also plans to pay 4 per cent dividends in cash.

bizhub

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