VFG estimates 2009 EPS at 10,000 dong/share

VNStockNews.com - Starting December 17, over eight million VFG coded shares of will be traded on HCM City Stock Exchange for the first time with a comparative price of 66,000 dong/share and the trading amplitude of +/-20 percent.

Nguyen Ngoc Dung, head of Vietnam Pesticide Joint Stock Co (VIPESCO-VFG)'s Finance Accounting Office said that the company plans to reach 812.7 billion dong in turnover, and over 84 billion dong in after-tax profit this year.

Till the end of September 2009, net revenue of Vipesco gained 603.533 billion dong, fulfilling 8.11 percent of the year's plan while the combined profit was estimated at 168.475 billion dong, pre-tax profit at 95.355 billion dong, after-tax profit at 71.372 billion dong.

Vipesco now owns and does business in VFG Tower and 14,000 sqm of land in Hoc Mon Dist of HCM City, Novotel Nha Trang (under a joint venture with Hai Yen Co Ltd). Also the company contributes 40 percent of capital to Mekong Trade Centre and Agriculture Service Complex.

With a charter capital of about 81.339 billion dong, the company's after tax profit is targeted at 84 billion dong and EPS at about 10,000 dong/share.