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HBC Plans To Raise Profits To 200%

Hoa Binh Corporation

(ĐTTCO) – Hoa Binh Construction and Trading Joint Stock Company (HBC) holds the annual shareholder meeting in 2016 with weighting for 2016 approved.

According to the report of the Board of Directors, HBC’s net revenue in 2015 was VND 5,078 billion (reaching 95.8% of the plan), profit tax was 83.47 billion VND (reaching 46.8% of the plan) for shareholders in 2015 is 25% by shares.

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Commenting on the business results in 2015, Le Viet Hai – Chairman and General Director of HBC, shared the company’s lack of auditing some projects; the final profit of the debt, profit from sanitation is not completed transaction; too master of a new plant and some companies will be using to be more time to perform performance as expecting.

Hoa Binh Corporation
HBC continues to bid for large-scale and world-class projects with 32 contracts signed

Although business results in 2015 are not as expected but HBC still receive reliable results. Typically, HBC is contracted to be a large-scale and world-class contractor for 32 signed contracts with a total value of up to VND 9,500 billion, bringing total capacity to VND 21,900 billion. Especially, from 2016 to now, HBC has signed a contract with the total value of 4,100 billion.

On the local stock market and internal capacity, HBC’s Board of Directors has a strong portfolio of honors in 2016 for sales of 7,200 tons (42%), profit tax of 252 billion VND (increase 200%), cash dividend 15%.

In particular, in 2016, HBC will develop a CPD for CPD with a maximum of 20 million shares with a bid of VND10,000 / share for equity.

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