Two and a half million shares of the Song Da No 6.06 Joint Stock Company were officially listed on the Hanoi Securities Trading Centre under the symbol SSS on August 28, bringing the total companies listed on the centre to 89.
On its first trading session, 10,200 SSS shares were traded at an average price of VND 50.700 a share.
The company is the 20th member of the Song Da Corporation listed on the northern bourse.
Song Da 6 Construction Company’s affiliate in Thua Thien- Hue, the precursor of Song Da No 6.06 JSC, was established in 1999. In 2002, the affiliate was shifted to Song Da 6.06 Enterprise under the Song Da 6 Company. Since January 2004, it has officially operated as a joint stock company with a registered capital of VND 5 billion.
After three years of operation, the company achieves an annual average growth of 30% with the charter capital increasing five fold to VND 25 billion in 2007, affirming its prestige in the central Thua Thien-Hue province as well as the central region and the Central Highlands.
Song Da 6 JSC currently holds 50% stake in Song Da No 6.06 JSC; 28.74% others belong to outside shareholders and the remaining are owned by the company’s employees.
The company specialises in providing assembling products and industrial production products such as concrete and concrete execution, exploiting limestone for cement companies, cement trading, etc.
Last year, the company’s total revenue stood at over VND 79 billion with an after tax profit of VND 4.7 billion and a 20% dividend. This year, Song Da No 6.06 JSC targets a total revenue of VND 116 billion with a net profit of nearly VND 8 billion and 19% dividend.
Source: VNE
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