Tuesday, March 26 2019

VietNamNews

MB snaps up 47 million treasury shares for $56m

Update: March, 07/2019 - 22:45

Military Joint Stock Commercial Bank (MB) has bought back 47 million treasury shares for VNĐ1.3 trillion (US$56 million).— Photo cafef.vn

HÀ NỘI — Military Joint Stock Commercial Bank (MB) has bought back 47 million treasury shares for VNĐ1.3 trillion (US$56 million).

The result is equal to 43.6 per cent of the bank’s target. It previously registered to purchase 108 million shares.

Transactions were carried out between January 29 and February 27. Average buying price was VNĐ21,999 per share.

In 2018, MB earned nearly VNĐ19.54 trillion in total revenue, up 40.9 per cent year on year.

Its pre-tax profit gained 68.3 per cent year on year to VNĐ7.76 trillion. The post-tax profit was up 77.3 per cent yearly to VNĐ6.19 trillion.

MB is listing more than 2.16 billion shares on the Hồ Chí Minh Stock Exchange.

The bank shares inched up 0.2 per cent to end Thursday at VNĐ22,200 per share. — VNS

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