SSI increases stake in fertiliser company

Friday, Jan 08, 2016 18:38

A worker uploads boxes of fertilizer at the VAFCO's factory. — File Photo

HA NOI (Biz Hub) —Sai Gon Securities Inc (SSI) has purchased 30,000 shares of Van Dien Fused Magnesium Phosphate Fertilizer Joint Stock Company (VAFCO).

Due to the transaction on December 30, SSI increased its shares of VAFCO from 4.95 per cent to 5.05 per cent of the company.

VAFCO was established in 1963 to manufacture and sell phosphate and fertilisers, as well as import fertilisers and raw materials. Currently, VAFCO has charter capital of VND289 billion (US$12.8 million).

SSI earned VND960 billion ($42.6 million) in revenue and VND755 billion ($33.5 million) in pre – tax profits in the first nine months of 2015. —VNS

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