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VietNamNews

Firm announces plans to delist in capital

Update: April, 13/2012 - 11:09

QUANG NAM — Quang Nam Post – Telecoms Construction and Services company (QCC) anounced it would delist from the Ha Noi Stock Exchange during its recent annual shareholder meeting. The decision comes following a warning issued by the exchange on March 26 after the company posted losses for a second successive year.

Undistributed net profit as of April 6 was VND1 billion (US$47,600) in the red, while the company's equity as of last year was only VND20.58 billion (less than $1 million).

Regarding this year's targets, QCC aims to reach VND20 billion ($950,000) in revenue and VND1.5 billion ($71,400) in net profit. Dividends are expected to be paid at around 3-5 per cent.-VNS

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