Full Power suffers consecutive loss in past three years

Full Power Joint Stock Co (coded FPC) has reported gaining profit of 4 billion dong in Q4 of 2010. However, for the whole year, the company still suffered from loss of over 48 billion dong, lower than that of 2009.



In details, the company reported gaining positive business results in the last quarter of 2010 with net revenue of about 46 billion dong. In addition, the costs declined and the company’s other profit was posted at 1.3 billion dong.



As the result, the company gained net profit of 4 billion dong in Oct-December period, in comparison with the loss of 330 billion dong in Q4 last year.



However, accumulatively, FPC still suffered total loss of 48 billion dong, compared to that of last year of 238 billion dong.



With consecutive loss in the past three years, FPC possibly coped with delisting shares on Hochiminh Stock Exchange (STC).



Up to December 31, 2010, the company’s ownership capital was estimated at 469.7 billion dong, while chartered capital of nearly 330 billion dong.

Tags: Vietnam business news

Posted by alutosutm on Mar 8 2011. Filed under Enterprises. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry