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FLC Group expects profits of VND100 billion

Update: May, 31/2014 - 09:27

HA NOI (VNS)— FLC Group (FLC), listed on HCM City Exchange, expected its profit in the second quarter of this year to reach VND100 billion ($4.7 million).

This will push the total profit in the year's first half to VND144 billion ($6.8 million).

According to the Deputy Director of FLC Group Huong Tran Kieu Dung quoted by Dau Tu Chung Khoan (Securities Investment), the group's projects were now hastened in order to meet the deadlines, and coupled with other businesses, the goal of VND350 billion ($16.6 million) profit for the full year was achievable.

Recently, FLC Group planned to increase its charter capital to VND4.55 trillion ($216.6 million) through share issues and converting VND800 billion ($38 million) convertible bonds into shares. — VNS

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