Thu Duc export import firm postpones second phase shares issue

Thursday, June 19, 2008
Thu Duc export import firm postpones second phase shares issue

Thu Duc Export Import Trade Joint Stock Co (coded TMC) recently said that it would postpone issuing shares for the second phase to the existing shareholders. These are shares being issued according to the plan of increasing chartered capital from 40 billion dong to 50 billion dong with the price of 18,000 dong per share.

In addition, TMC is also waiting for the company's director board's approval to issue shares to double its chartered capital from 40 billion dong to 80 billion dong when the stock market recovers and could assure the company's shareholder's benefit.

Closed-end fund cut holdings in oil company

Friday, May 16, 2008
Oil and steel trader Thu Duc Trading and Import Export Joint Stock Company informed the exchange closed-end fund VF1 reduced its holding to 3.11% from 5.21% by selling 74,710 shares.
Shares of Thu Duc fell for the seventh straight session to finish 1.6 percent lower at VND24,100.
VF1 shares posted their ninth consecutive fall to close at VND12,300, down 1.6 percent for the day

Thu Duc Trading Co's Q1 revenue up 60 pct

Saturday, May 10, 2008
Thu Duc Export Import and Trade Joint Stock Co (coded TMC) recently reported the business results in the first quarter of this year with 357.921 billion dong in revenue, up 59.4% against the same period of last year, 11.337 billion dong from after tax profit, rising 159.9% from 2007 and EPS was 2,980 dong.
This year, the company targets 1.2 trillion dong in revenue, 20 billion dong from pre tax profit and dividend of 15%.
Last year, TMC made a revenue of over one trillion dong in revenue and 14.9 billion dong from after tax profit.