Monday, August 06, 2007

Vinashin nets 2.6 million USD in profit in first half

The national shipbuilding group Vinashin reported after-tax profits of 42.3 billion VND (2.6 million USD) for the first six months of the year.

Vinashin plans to increase its charter capital from 40 billion VND to 138 billion VND and issue 9.8 million additional shares.

It will pay its 2006 dividend in additional shares to existing stockholders at a ratio of 10.3, offer 6.4 million shares for sale to strategic shareholders, and award 200,000 shares to employees.

Source: VNA

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