Vietnam: Habeco targets 9.1% revenue increase this year
Hanoi Beer Alcohol and Beverage Joint Stock Corporation (Habeco) targets total revenue of over 8.8 trillion VND (390 million USD) in 2017, up 9.1 percent year-on-year, VNA reported on May 22.
The brewer plans to earn pre-tax profit of 1 trillion VND this year, up slightly from 2016, and dividends are projected at 20 percent.
The company’s revenue in 2016 grew by 8 percent to reach 8.1 trillion VND. Pre-tax profit reached 997.3 billion VND, up 0.6 percent year-on-year.
With this result, the dividend rate was adjusted upwards to 18 percent, equivalent to 417 billion VND. The company paid 10 percent dividend in 2015.
The Ministry of Industry and Trade (MOIT), Habeco’s biggest stakeholder with 81.79 percent capital, is expected to collect 341 billion VND.
At its 2017 annual general meeting of shareholders held last week, two members of the board of directors were dismissed, including Nguyen Thi Nga representing the Ministry of Industry and Trade and Tayfun Uner, CEO of Carlsberg Vietnam, which currently holds a 17.08 percent stake of Habeco.
Do Xuan Ha was appointed to replace Nguyen Thi Nga from May 11 until the Ministry of Industry and Trade has made a decision on personnel.
Habeco only elected one new member to the board, namely Soren Ravn, Business Development Manager of the Carlsberg Group. With this change, Habeco temporarily has just four board members.
Headquartered in Hanoi, Habeco is the largest beer producer in the North and the third-largest beer company in Vietnam, with popular brands such as Hanoi Beer and Truc Bach Beer. It owns 17 subsidiaries and nine affiliated companies.
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