PV Power to put Dakdrinh shares on UPCoM this year

Thursday, Jul 14, 2022 08:33

Dakdrinh Hydropower Plant. — Photo petrovietnam.petrotimes.vn

The PetroVietnam Power Corporation (PV Power) has announced that it will put shares of Dakdrinh Hydroelectricity on the Unlisted Public Company Market (UPCoM) this year.

Dakdrinh Hydropower JSC, established in 2007, has a total capital of nearly VND1.2 quadrillion (US$50.06 million), of which 95 per cent is owned by PV Power.

It is the investor of Dakdrinh Hydropower Plant in Son Tay District of Quang Ngai Province and Kon Plong District of Kon Tum Province. In the first half of this year, this plant recorded a profit of around VND100 billion.

In 2021, the company achieved a revenue of VND613 billion and after-tax profit of VND195 billion, up 29 per cent and 2.4 times year-on-year, respectively.

In addition, Hua Na Hydropower JSC, in which PV Power holds an 81 per cent stake, will be listed, probably at the Ha Noi Stock Exchange (HNX), this year or next year. Hua Na shares are being traded on the UpCom market. — VNS

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