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Hai Phong Port JSC to list on stock exchange

Update: August, 12/2015 - 08:10

A view of Hai Phong Port. The port will begin trading on the Ha Noi Stock Exchange today under the code PHP. — VNA/VNS Photo Lam Khanh

HA NOI (VNS) — Hai Phong Port Joint Stock Company will list on the Ha Noi Stock Exchange with the code PHP today.

About 326.96 million shares will be listed with a reference price of VND16,500 (76 US cents) each.

In the first six months of this year, the port carried 11.39 million tonnes of goods, an increase of 17.5 per cent compared with the same period last year.

It earned nearly VND837 billion (US$38.6 million) in revenue during that period, with pre-tax profits of nearly VND191 billion ($8.81 million), a year-on-year increase of 11 per cent.

As planned, the port will receive about 23.5 million tonnes of goods this year, 19 per cent higher than last year. It is expected to earn VND1.72 trillion ($79.37 million) in revenue and a profit of VND380 billion ($17.53 million).

The State had owned nearly 95 per cent of the port's capital, held by the Viet Nam National Shipping Lines (Vinalines).

In November 2014, the group's restructuring plan, approved by the Prime Minister, called for Vinalines to hold 65 – 75 per cent of Hai Phong Port's charter capital. — VNS

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