Vietravel to debut shares on UPCoM

Thursday, Aug 08, 2019 15:23

Customers make transactions at an office of Vietravel in Ha Noi. — Photo

The Ha Noi Stock Exchange has announced the decision to approve the registration of trading shares of the Vietnam Travel and Marketing Transport Joint-stock Company (Vietravel).

Vietravel will trade more than 12.6 million shares on the Unlisted Public Company Market (UPCoM), with par value of VND10,000 (43 US cents) per share.

In addition, Vietravel also transferred registration and depository data from unlisted mass market to UPCoM market on Vietnam Securities Depository system from August 7, 201

Vietravel currently operates domestic and international travel tours, labour export, vocational training classes, trade promotion and events.

The company is also implementing an online business growth project and carrying out charter flights for the business period in the last six months of 2019.

In the first half of this year, Vietravel’s net revenue is estimated at nearly VND3.98 trillion, a year-on-year increase of 6 per cent. The company’s pre-tax profit reached around VND30 billion, up 26 per cent compared to the same period last year and achieving 44 per cent of the year’s plan.

In 2019, the firm targets revenue of more than VND8.61 trillion and after-tax profit of VND60.8 billion. — VNS

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