Habeco targets 9% increase in revenue
Monday, May 22,2017AsemconnectVietnam - Hanoi Beer Alcohol and Beverage Joint Stock Corporation (Habeco) targets total revenue of over 8.8 trillion VND (390 million USD) in 2017, up 9.1 percent year-on-year.
The brewer plans to earn pre-tax profit of 1 trillion VND this year, up slightly from 2016, and dividends are projected at 20%.
The company’s revenue in 2016 grew by 8% to reach 8.1 trillion VND. Pre-tax profit reached VND997.3 billion, up 0.6% year-on-year.
With this result, the dividend rate was adjusted upwards to 18%, equivalent to VND417 billion. The company paid 10 percent dividend in 2015.
The Ministry of Industry and Trade (MOIT), Habeco’s biggest stakeholder with 81.79% capital, is expected to collect VND341 billion.
At its 2017 annual general meeting of shareholders held last week, two members of the board of directors were dismissed, including Nguyen Thi Nga representing the Ministry of Industry and Trade and Tayfun Uner, CEO of Carlsberg Vietnam, which currently holds a 17.08% stake of Habeco.
Do Xuan Ha was appointed to replace Nguyen Thi Nga from May 11 until the Ministry of Industry and Trade has made a decision on personnel.
Habeco only elected one new member to the board, namely Soren Ravn, Business Development Manager of the Carlsberg Group. With this change, Habeco temporarily has just four board members.
Headquartered in Hanoi, Habeco is the largest beer producer in the North and the third-largest beer company in Vietnam, with popular brands such as Hanoi Beer and Truc Bach Beer. It owns 17 subsidiaries and nine affiliated companies.
Source: vov.vn
Masan successfully disbursed Phase 1 of USD650 million syndicated loan
Viettel Global (VGI)'s consolidated revenue exceeded USD1 billion, pre-tax profit over VND3,000 billion in 2022
Gelex (GEX) sets a profit target of nearly VND1,300 billion in 2023
VIX Securities (VIX) expected to increase profit after tax by 73.1% to VND540 billion in 2023
VietinBank Securities (CTS) sets a profit target of more than VND230 billion in 2023, paying 10% dividend
Thai Nguyen International Hospital (TNH) sets a profit after tax plan of VND150 billion in 2023
Lienvietpostbank's own path for 15 years
PVMachino (PVM) divested from Nippon Seiki for over VND149 billion
SSI Research revised down forecast PV Gas’s revenue and net profit in 2023
Petrosetco's profit (PET) decreased by 50% to VND35 billion in the first 2 months of 2023
GC Food (GCF) target VND523 billion revenue in 2023
Mobile World (MWG): Revenue of Mobile World and Dien May Xanh chains down 32% in the first 2 months of 2023
SHS Securities reported a profit of VND197.2 billion in 2022 after the audit
IDI Multinational Development and Investment (IDI): Profit expected down 66.7% to VND186 billion in 2023
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...