Hoang Mai Cement sets 2013 profit target, Vietnam

Hoang Mai Cement (HOM) JSC targets a profit of VND86bn (US$4.11m) this year, according to the company’s chief accountant, Tran Minh Son.

HOM is part of the Vicem group which  directs much of the largely state-run Vietnam cement industry.

For the nine months to September 2012, HOM achieved a net profit of VND54.58bn on revenue of VND1.06trn, down 30.67 per cent and up 3.92 per cent YoY, respectively. The nine-month earnings per share was VND788.

HOM is now carrying out a plan to build Hoang Mai 2 cement plant with a capacity of 4.5Mta. (Source: Dau Tu Chung Khoan newspaper).