Kinh Bac Co to scale up chartered capital to 2tr dong

Saturday, April 26, 2008
Listed firm Kinh Bac Urban Development Joint Stock Company (coded KBC) recently announced it would pay a 2007 dividend of 43% in shares.

Last year, KBC earned 320 billion dong from after tax profit, equalling to 683% of the year's plan and its total asset reached 3.013 trillion dong, up 333% yoy.

This year, the company plans to offer more shares to hike its chartered capital to two trillion dong, bring 1.189 trillion dong in revenue and 611 billion dong from after tax profit and pay dividend of minimum 30%.

At present, KBC is carrying out its investment project spending US$100 million to expand Bac Ninh province's Que Vo industrial complex to a total expected area of over 600 hectares, a US$200 million Yen Phong industrial zone project in the first phase in Bac Ninh and the Phuc Ninh urban zone project capitalised at US$200 million.

This year, the company and Taiwan-based Foxcon Group will jointly carry out the Trang Cat high-tech and new urban zone project in the northern province of Hai Phong along with other projects. (DTCK)