Wednesday, September 28 2016

VietNamNews

Hải Dương Province firm lists in HCM City

Update: July, 05/2016 - 02:00
Hải Dương-based HCD Investment Producing and Trading Joint Stock Company yesterday (July 4) listed 13.5 million shares on the HCM City Stock Exchange at a reference price of VNĐ12,900 each.- VNS Photo Xuân Hương
Viet Nam News

HCM CITY – Hải Dương-based HCD Investment Producing and Trading Joint Stock Company yesterday (July 4) listed 13.5 million shares on the HCM City Stock Exchange at a reference price of VNĐ12,900 each.

Founded in 2011 the company, formerly known as HCD Metallurgy Joint Stock Company, specialises in the import and export of PE, PP, HD, LD, LLD, PS plastic resins and trading in construction materials like iron, steel, and industrial limestone.

In the first quarter of this year its sales topped VNĐ78.3 billion (US$3.5 million). Its after-tax profit was VNĐ4.7 billion ($210,762), or 53 per cent of the full-year profit in 2015.

Plastic resin sales have been robust in recent years.

According to experts, the plastics industry is one of the fastest growing in Việt Nam, expanding annually at 16-18 per cent in recent years.

Stocks of plastic industry firms are among investors’ favourites. — VNS

 

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