PVFC to reduce state holding

VNStockNews.com - The shareholders’ meeting of PetroVietnam Finance Joint Stock Corp (PVFC) passed the plan of reducing the state holding in its chartered capital structure from the current 78% down to 60% within this year.

Also, the corporation with chartered capital of five trillion dong targets to reach 3.9 trillion dong in revenue, 400 billion dong in pre-tax profit and a dividend of 4.3% in 2009.

Last year PVFC posted 3.476 trillion dong in revenue, and 3.67 billion dong in pre-tax profit.