Updated  
August, 19 2014 08:00:00

TTF to use $15m share raising to pay down debts

In the second quarter of this year, the company's net profit reached VND30 billion ($1.4 million), increasing by nearly 16 times compared to the corresponding period last year.— Photo vietq.vn

HA NOI (VNS) — Truong Thanh Furniture (TTF) announced it is finalising procedures to issue more than 31 million shares, hoping to raise VND310 billion (US$14.6 million) to reduce debts. The sale is expected to conclude by the end of this quarter.

In the second quarter of this year, the company's net profit reached VND30 billion ($1.4 million), increasing by nearly 16 times compared to the corresponding period last year. As of June 30, the company's debts accounted for 70 per cent of its capital, increasing 9 per cent compared to the beginning of this year. — VNS

Send Us Your Comments:
Name:
Your E-mail address:
Title:
 

VietNamNews may edit your comments and not all emails will be published.

Highlight

Singaporeans unite to help scammed Vietnamese tourist Singaporeans unite to help scammed Vietnamese tourist

The assistance that Singaporeans gave a Vietnamese tourist who was scammed when he bought an iPhone 6 in Singapore has earned much attention and applause from Vietnamese newspapers and netizens.

Old apartments remain in state of disrepair Old apartments remain in state of disrepair

There are more than 1,500 old apartment buildings at risk of collapse across Viet Nam, but in the last decade, only five per cent were rebuilt.

Province backs cable car to cave 2    Province backs cable car to cave

Authorities in central Quang Binh Province have given the go ahead for a highly controversial cable car system connecting various sites in the Phong Nha-Ke Bang National Park to the world's biggest cave, Son Doong.

Edward Scissorhands among free outdoor films Edward Scissorhands among free outdoor films

Saigon Outcast will hold two free Thursday outdoor film screenings this month.

Tax not the solution to online gaming issue 1    Tax not the solution to online gaming issue

A 10 per cent tax on the online gaming industry recently proposed by the Ministry of Finance aims to address the connection between the increase in gaming addiction and game-related crimes among youngsters by charging them more to fuel their addiction.