Habeco, the North’s biggest beer company, will list nearly 232 million shares on the HCM Stock Exchange on January 19. (Photo: bizlive.vn)Hanoi (VNA) – The Hanoi Beer Alcohol and Beverage JSC (Habeco) is set on earning8.3 trillion VND (332 million USD) in turnover and 955.4 billion VND (83.2million USD) in pre-tax profit in 2018, an increase of 6.7 percent and 0.3percent from last year, said Habeco Director General Ngo Que Lam.
Heannounced the firm’s goals at the conference to review its performance in 2017and outline tasks for 2018 in Hanoi on January 10.
Thebrewer will also contribute an estimated 5.37 trillion VND (214.8 million USD) tothe State budget.
Ending2017, Habeco reported total revenue of nearly 7.8 trillion VND (311.2 millionUSD) and paid more than 4.8 billion VND (192.5 million USD) into the Statecoffer.
Headquartered in Hanoi, Habeco is the largest beer producer in theNorth and the third-largest beer company in the country, with popular brandssuch as Hanoi Beer and Truc Bach Beer. It owns 17 subsidiaries and sixaffiliated companies, with total production capacity of over 800 million litresof beer per year.
Thecorporation will list 231.8 million shares, equivalent to the total listingvalue of about 2.32 trillion VND (103 million USD), on the Ho Chi Minh StockExchange (HOSE) on January 19.
Shares of the North’s largest brewer are trading at some128,000 VND per share on the Unlisted Public Company Market (UPCoM), which isunder the management of the Hanoi Stock Exchange.
By changing its listing to HOSE, which is the main bourse inVietnam, with total market capitalisation of some 68 billion USD, Habeco isexpected to improve its reputation and draw more investments.
The company has become a ‘phenomenon’ on the UPCoM since its debuton October 28 last year, when its price shot up from an initial 39,000 VND pershare to a peak of 225,800 VND per share on December 16.-VNA
