PV Power to put Dakdrinh shares on UPCoM this year
The PetroVietnam Power Corporation (PV Power) has announced that it will put shares of Dakdrinh Hydroelectricity on the Unlisted Public Company Market (UPCoM) this year.
Hanoi (VNA) – The PetroVietnam Power Corporation (PV Power) hasannounced that it will put shares of Dakdrinh Hydroelectricity on the UnlistedPublic Company Market (UPCoM) this year.
Dakdrinh Hydropower JSC, established in 2007, has a totalcapital of 1.169 trillion VND (50.06 million USD), of which 95% is owned by PVPower.
It is the investor of Dakdrinh Hydropower Plant in Son Taydistrict of Quang Ngai province and Kon Plong district of Kon Tum province. Inthe first half of this year, this plant recorded a profit of around 100 billionVND.
In 2021, the company achieved a revenue of 613 billion VNDand after-tax profit of 195 billion VND, up 29% and 2.4 times year-on-year, respectively.
In addition, Hua Na Hydropower JSC, in which PV Power holds an 81% stake, will be listed, probably at the Hanoi Stock Exchange, thisyear or next year. Hua Na shares are being traded on the UpCom market./.
Credit ratings agency Fitch Ratings has assigned the PetroVietnam Power Corporation (PV Power) a Long-Term Foreign-Currency Issuer Default Rating (IDR) of “BB” with a positive outlook for the second consecutive year.
PetroVietnam Power Corporation (PV Power) reported a post-tax profit of 1.159 trillion VND (over 49.56 million USD) in the first six months of 2022, surpassing the target set for the entire year by 56%.
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Dakdrinh Hydropower Plant (Photo: petrovietnam.petrotimes.vn) 
