Home Companies

Quang Ninh Thermal Power (QTP) sets profit target of $18 million this year

Jun 1st at 13:40
01-06-2023 13:40:51+07:00

Quang Ninh Thermal Power (QTP) sets profit target of $18 million this year

Quang Ninh Thermal Power JSC (UpCOM: QTP) estimates a profit after tax of more than VND440 billion (US$18 million) in 2023, a decrease of 42 per cent from the previous year's performance while paying dividends at 10 per cent of its charter capital.

Quang Ninh Thermal Power Plant in Ha Long City, Quang Ninh Province. Its business results are expected to be lower this year. — Photo quangninhtpc.com.vn
 

The company set a target of producing 7.159 trillion kWh of electricity and selling 6.815 trillion kWh, down 6.3 per cent and 1.4 per cent, respectively, over last year.

This year, it plans to invest VND213 billion in 13 projects, of which VND131 billion is allocated to Quang Ninh 2 Thermal Power Plant project. Quang Ninh Thermal Power also expects to spend VND19 billion on purchasing fixed assets.

The company signed two coal sale contracts for 2023 with suppliers in December 2022. Specifically, Quang Ninh Thermal Power Plant will buy three million tonnes of coal from the Vietnam Coal and Mineral Industries Group (TKV) and 900,000 tonnes from the Dong Bac Corporation. 

Bizhub

RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Chin-su (MCH) leaves strong impression at Seoul Food 2023
COMPANIES Jun 1st at 08:24

Chin-su (MCH) leaves strong impression at Seoul Food 2023

On May 30, Masan Consumer Corporation (HSX: MCH) stepped up its "Chinsu Global - Around the World" strategy as it officially introduced the Chin-su Pho and Spices...

TPBank (TPB) pays $170 million to repurchase premature bonds
COMPANIES May 31st at 17:06

TPBank (TPB) pays $170 million to repurchase premature bonds

Hanoi Stock Exchange (HNX) has announced the results of early bond redemption transactions of Tien Phong Commercial JSC (HoSE: TPB).

Vinamilk (VNM) dairy facilities certified carbon-neutral
COMPANIES May 30th at 13:49

Vinamilk (VNM) dairy facilities certified carbon-neutral

Vietnamese dairy giant Vinamilk had its first dairy factory and farm, which are located in Nghe An Province, north-central Vietnam, certified carbon-neutral...

Fertiliser businesses  (DCM) see profit drop on ailing selling prices and rising costs
COMPANIES May 26th at 10:02

Fertiliser businesses  (DCM) see profit drop on ailing selling prices and rising costs

Falling selling prices and rising costs have caused the profits of most fertiliser businesses to plunge, after recording high profits in the previous few years.

Experts suggest caution regarding investments in realty stocks (NDN)
COMPANIES May 24th at 13:16

Experts suggest caution regarding investments in realty stocks (NDN)

Given the recent strong gains of many real estate stocks, experts said that there is still room for rallies, but investors need to carefully consider before taking...

SHB completed 50 per cent shares transfer to Krungsri Bank of Thailand
COMPANIES May 23rd at 20:51

SHB completed 50 per cent shares transfer to Krungsri Bank of Thailand

SHB on Tuesday officially announced it successfully completed the transfer of the first 50 per cent of charter capital at SHBank Finance Company Limited (SHB...

Listed textiles enterprises (TCM) face negative prospects this year
COMPANIES May 23rd at 08:45

Listed textiles enterprises (TCM) face negative prospects this year

Many textile companies are struggling as they have to reduce employees due to shrinking revenues.

Many businesses (KTS) taste sweet success due to high price of sugar cane
COMPANIES May 17th at 13:45

Many businesses (KTS) taste sweet success due to high price of sugar cane

Closing the third quarter of the 2022 - 2023 crop year, the sugar industry achieved brighter business results than expected because the global sugar price rose to...

Loan interest expenses erode the profits of agricultural enterprises (VHC)
COMPANIES May 15th at 08:01

Loan interest expenses erode the profits of agricultural enterprises (VHC)

The difficult market, coupled with a sharp increase in loan interest expenses, caused the profits of many agriculture enterprises to fall in the first quarter of...

HDBank (HDB) announces May 30 record date for 10% cash dividend
COMPANIES May 13th at 13:29

HDBank (HDB) announces May 30 record date for 10% cash dividend

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – HOSE: HDB) has announced a resolution by its board of directors to pay a dividend at a rate...

Read More

MOST READ

Back To Top