Plastic firm announces to gain Q4 profit of 7.8b dong

The southern bourse-listed Tan Dai Hung Plastic Joint Stock Co (coded TPC) has lately released the final business results with Q4 net profit of 7.8 billion dong, raising the accumulative profit to 35.5 billion dong in 2010.



In details, TPC reported gaining total net revenue in Oct-December period of 147 billion dong, an increase of 35 percent against the same period last year.



However, due to sharp increase in principal sales cost and other costs, by the end of the last quarter of 2010, the company’s net profit was posted at 7.8 billion dong, declining by 35 percent year-on-year.



Accumulatively, the company estimated to reach whole year net revenue of 447 billion dong and pre-tax profit of 39.5 billion dong, surpassing the targeted year plan by 72 percent.

Tags: Vietnam business

Posted by fernandocortes 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