136th company lists on northern floor

Thursday, May 8, 2008
Hanoi Securities Trading Center (HaSTC) yesterday May 6 officially welcomed the 136th share code namely Saigon Cable Joint Stock Co with the total volume of 29,742,020 CSG-coded shares.

Ending the first trading session on the northern bourse, CSG-coded shares reached average price of 14,100 dong per share with the total volume of 185,600 shares being traded.

CSG with a chartered capital of 300 billion dong, of which state owns 31.14% and the company's shareholders 68.86%, specialises in producing and trading cable, telecom materials, material cable for civil electricity, television cable and other cable products.

Recently, the company expanded its operation sphere to real estate sector via investing 10 billion dong in the Nhon Trach-Sacomland residential project, another 10 billion in Resort Da Lat project and 35 billion dong in Areco project in the southern province of Binh Duong.

Last year, CSG posted 549.1 billion dong in net revenue from sales and services provision, up 253% or 393.9 billion dong on 2006, 20.25 billion dong from after tax profit, a year-on-year increase of 17.78% and EPS was 842 dong.

This year, the company targets to bring the figures to 750 billion dong and 40 billion dong respectively.