Kinh Bac urban developer reports 134.8b dong profit in Q1

Thursday, May 15, 2008
Kinh Bac Urban Development Joint Stock Co (coded KBC) recently reported business result in the first quarter of the year with 358 billion dong in net revenue from sales and services provision, 360.7 billion dong in total revenue or 30.34% of the year's plan, 134.8 billion dong from after tax profit, equalling to 22.06% of the year's target, and EPS was 1,605 dong.

Reportedly, last year the company made a revenue of 538.6 billion dong, 320.3 billion dong from after tax profit and dividend of 43% in shares.

This year, KBC plans to invest in a series of business projects like the project capitalised at US$100 million to expand Que Vo industrial zone covering on an area of 600 hectares, the US$200 million project to develop Yen Phong industrial and urban zone in Bac Ninh province and the US$200 million project to invest in Phuc Ninh urban park.

Kinh Bac plans to raise 106 million USD

Tuesday, April 29, 2008
The listed firm Kinh Bac Urban Development Joint Stock Co is planning to offer more shares this year to hike its charter capital to 1.7 trillion VND (106 million USD).
Chairman Dang Thanh Tam made the announcement at a recent Kinh Bac shareholder meeting, saying the company was aiming to make over 1.18 trillion VND (74 million USD) in revenue and 611 trillion VND (38.2 million USD) in after tax profit, and pay a dividend of at least 30% in 2008. He also announced that the company would pay a 2007 dividend of 43% in shares.
“A growth rate based on a firm foundation will help the company have enough financial capacity to be ready for large projects in the future,” the chairman noted.Current projects the company is working on include a 100 million USD plan to expand Bac Ninh province’s Que Vo industrial complex to over 600ha, a 200 million USD Yen Phong industrial zone project in the first phase in Bac Ninh and the Phuc Ninh urban zone project coming in at 200 million USD.
This year, the company will joint hands with Taiwanese Foxconn Group to develop the Trang Cat high-tech and new urban area complex in the northern port city of Hai Phong , along with other projects.
Kinh Bac, an affiliate of Saigon Invest Group, specialises in real estate development, trade, financial services, infrastructure construction, investment consulting, power generation and mining. (VNA)

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)