Viettel Post to list on UPCoM

Thursday, Nov 08, 2018 16:48

Viettel Post’s express delivery service is considered a key part of its business. — Photo

Viettel Post has submitted a request to the Viet Nam Securities Depository Centre to stop accepting securities ownership transfer applications of the corporation from November 16 to list its shares on the Unlisted Public Company Market (UPCoM).

The corporation would use the list of shareholders on October 10 to submit registration documents for trading shares on the Hanoi Stock Exchange.

According to securities registration information, Viettel Post (VTP) has charter capital of nearly VND414 billion.

In July, Viettel Post paid dividends at a rate of 15 per cent in cash (shareholders owning one share received VND1,500), for a total value of VND44.5 billion.

The company also issued nearly 11.7 million new shares to pay dividends to shareholders at the rate of 1,000:394 (shareholders holding 1,000 shares received 394 new shares).

In the first half of the year, the corporation posted net revenue of VND1.9 trillion, up 1 per cent from the same period last year.

Its revenue from providing services (mainly express delivery) surged by 46 per cent to VND1.7 trillion, accounting for 90 per cent of its total revenue.

In recent years, Viettel Post has promoted its express delivery service, which it considers a strategic business sector.

The change has contributed to the corporation’s profit. In the first six months of the year, its gross profit reached VND223 billion.

Its after-tax profit was VND117 billion, posting a 60 per cent year-on-year rise. Earning-per-share income in the same period reached VND3,940.

Viettel Group is the largest shareholder of Viettel Post with 68.08 per cent of charter capital, following by Japan Asia MB Capital with 5.08 per cent and others.

Its shares are priced at more than VND90,000 each in the Over-The-Counter (OTC) market. — VNS

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