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Port developer sets sights on 30% dividend

Update: February, 17/2012 - 10:52

HA NOI — Dinh Vu Port Development and Investment Co (DVP) has targeted a profit of VND140 billion (US$6.7 million) this year and a dividend rate of at least 30 per cent, the company's board of directors announced earlier this week. Total earnings were expected to reach VND435 billion (US$20.7 million). Last year, DVP posted a net profit of VND150.3 billion ($7.2 million) on which it paid a dividend of 40 per cent.

Fund to increase stake in pharmaceutical

HA NOI — The Viet Nam Azalea Fund Ltd will buy 1.24 million shares in pharmaceutical company Traphaco (TRA), increasing its holdings in the company from 25 per cent to 35 per cent. Traphaco shares are listed on the HCM City Stock Exchange, where they currently trade at around VND45,000 (US$2) per share. VNDirect Securities Co was selected as the agent for the transaction.-VNS

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