Tuesday, November 13 2018

VietNamNews

Viettel Post to list on UPCoM

Update: November, 08/2018 - 16:40
Viettel Post’s express delivery service is considered a key part of its business. — Photo nhipcaudautu.vn
Viet Nam News

HÀ NỘIViettel Post has submitted a request to the Việt Nam Securities Depository Centre to stop accepting securities ownership transfer applications of the corporation from November 16 to list its shares on the Unlisted Public Company Market (UPCoM). The corporation would use the list of shareholders on October 10 to submit registration documents for trading shares on the Hanoi Stock Exchange.

According to securities registration information, Viettel Post (VTP) has charter capital of nearly VNĐ414 billion.

In July, Viettel Post paid dividends at a rate of 15 per cent in cash (shareholders owning one share received VNĐ1,500), for a total value of VNĐ44.5 billion.

The company also issued nearly 11.7 million new shares to pay dividends to shareholders at the rate of 1,000:394 (shareholders holding 1,000 shares received 394 new shares).

In the first half of the year, the corporation posted net revenue of VNĐ1.9 trillion, up 1 per cent from the same period last year.

Its revenue from providing services (mainly express delivery) surged by 46 per cent to VNĐ1.7 trillion, accounting for 90 per cent of its total revenue.

In recent years, Viettel Post has promoted its express delivery service, which it considers a strategic business sector.

The change has contributed to the corporation’s profit. In the first six months of the year, its gross profit reached VNĐ223 billion.

Its after-tax profit was VNĐ117 billion, posting a 60 per cent year-on-year rise. Earning-per-share income in the same period reached VNĐ3,940.

Viettel Group is the largest shareholder of Viettel Post with 68.08 per cent of charter capital, following by Japan Asia MB Capital with 5.08 per cent and others.

Its shares are priced at more than VNĐ90,000 each in the Over-The-Counter (OTC) market. — VNS

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