HNX approves the listing of Phuoc An Port on UPCoM
HNX approves the listing of Phuoc An Port on UPCoM
The Ha Noi Stock Exchange has approved the listing of shares of PetroVietnam Phuoc An Port Investment And Operation Joint Stock Company on the Unlisted Public Company Market (UpCom) from July 14.The reference price on the first trading day is VND10,100 (US$0.44) per share.
Phuoc An Port project is located in Nhon Trach district in the southern province of Dong Nai, which is the center of the Southern key economic region with a total investment of up to VND19 trillion, including two zones.
Phuoc An Port, the first zone, covers an area of 183ha, berth length of 3,050m, including six container berths and four general berths, receiving cargo ships of 60,000DWT, capacity of 2.5 million TEU per year and 6.5 million tonnes of goods per year.
The second zone is the Port Logistics Service Area with an area of over 550 hectares, including a modern road system and convenient inland waterway system.
In 2017, the company's profit after tax was nearly VND11 billion, but in 2018, it lost more than VND13 billion. The figure in 2019 was nearly VND18, and nearly VND14 billion in 2020.
By the end of 2020, the company's cash and cash equivalents reached more than VND45 billion, down VND673 billion compared to the beginning of the year, of which mainly were deposits at banks.
