Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade LTCUSD, Bitcoin and Cryptocurrencies

BUY & SELL LTCUSD | View LTCUSD News & Updates


Buy Sell LTCUSD, Bitcoin and Cryptocurrencies

Vinamilk to list shares in Singapore   2008-11-12 - VnMedia

Vinamilk is the largest milk producer in Vietnam.

 The Vietnam Dairy Products Joint Stock Company, or Vinamilk (securities code VNM), has said that the Singapore Stock Exchange has approved its application to list more than 8.7 million new shares on the Singaporean stock market.

 

However, the listing date has not been fixed yet.

 

Vinamilk is the largest milk producer in Vietnam and the second-largest listed company on the HCM City Stock Exchange.

 

On Tuesday, Vinamilk announced profit of VND1.13 trillion ($66.47 million) for the first ten months of the year, 99% of its yearly plan (VND1.14 trillion, or $67.05 million).

 

Its revenue during this period was 27.8% higher year on year, hitting the record high level of VND7.08 trillion ($416.47 million).

 

According to experts, Vinamilk’s sales have been virtually unaffected by the recent melamine scare surrounding milk and milk-based products from China.

 

Last month the Saigon Securities Trading Company (SSI) forecast that Vinamilk’s profit would hit VND1.29 trillion ($75.88 million) this year.



Other news

Key sectors may cut workforce next year   2008-11-12

BUSINESS IN BRIEF 12/11   2008-11-12

Interest rate decreases won’t help real estate market   2008-11-12

Automobile manufacturers launching massive promotion programmes   2008-11-12

Deputy PM asserts investment promotion in oil and gas   2008-11-12

Vietnam remains attractive to foreign investors   2008-11-12

Inflation rate in 2009 will be one digit?   2008-11-12

Royal Bank of Scotland completes rebranding of ABN AMRO   2008-11-12

VN-Index drops as new shares flood market   2008-11-12

Mekong Delta importing rice as usual?   2008-11-12

Real estate prices plunging   2008-11-11

Vietnam-China trade expected to reach 20 billion USD by 2010   2008-11-11

Foreign investors, lower rates buoy market amid rough weather forecast   2008-11-11

BUSINESS IN BRIEF 11/11   2008-11-11