Novaland to issue 386 million shares to increase charter capital
Property developer Novaland Group (NVL) plans to issue nearly 386 million shares to increase its charter capital to VND14.7 trillion (US$638.8 million).
Novaland Group's high-end apartment projects in HCM City. — VNA/VNS Photo Tran Xuan Tinh
Property developer Novaland Group (NVL) plans to issue nearly 386 million shares to increase its charter capital to VND14.7 trillion (US$638.8 million).
Novaland reported net revenue of nearly VND4.5 trillion in Q1, up 158 per cent over the same period last year. Major contributions to revenue come from projects such as Saigon Royal, Victoria Village, Aqua City, NovaHills Mui Ns, NovaWorld Phan Thiet and other projects in the centre of HCM City.
In the first quarter of 2021, the company's after-tax profit reached more than VND701 billion, up 132 per cent over the same period last year.
On the market, NVL is being traded at VND133,500 per share, up more than two times compared to early this year. — VNS
On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index closed at 1,272.87 points, down 1.17 points or 0.09 per cent. Market breadth remained negative, with 171 declining stocks, 149 advancing and 49 unchanged. Liquidity saw a sharp decline to...
Vietnamese airlines are proactively gearing up, expanding their fleets and launching early ticket sales for the Lunar New Year to cater for the rising demand.
The VN30-Index, which represents the 30 largest stocks by market capitalisation on the HoSE, soared by 19.21 points, or 1.45 per cent, to settle at 1,342.48 points. Remarkably, all 30 stocks in the VN30 basket closed in positive territory.
Market breadth remained negative, with 184 stocks declining, 143 advancing and 44 unchanged. Liquidity surged to VNĐ15.9 trillion (approximately US$624.35 million), marking a 29.2 per cent increase compared to the previous session.