Consulting firm posted whole year profit of 34b dong

The STC-listed Power Engineering Consultancy Joint Stock Co No 1 (coded TV1) announced to reach Q4 net profit of 20 billion dong, up 18.7 percent against the same period last year. Accumulatively, the company posted total whole year profit of 34 billion dong, up 7.41 percent year-on-year, and fulfilling 112 percent of the targeted year plan.

According to the financial reports, in Q4 of 2010, the company reported gaining net revenue of 266.6 billion dong, a year-on-year increase of 5 percent, and combined profit of 63.3 billion dong.

For the whole year, the company continued suffering loss from financial activities of 11 billion dong, compared to 2009 financial loss of 4.7 billion dong. Therefore, the company’s net revenue was posted at 482 billion dong, after tax profit of 34 billion dong, equivalent to 98 percent and 112 percent of the targeted year plan.

Tags: Vietnam business news

Posted by losieepooley on Mar 7 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