Pharmaceutical enterprise reports gaining Q1 profit of over 72b dong

Hau Giang Pharmaceutical Joint Stock Co (coded DHG) has announced that it earned Q1 revenue of 405.44 billion dong, up nearly 7 percent against the same period of last year.

According to the company’s business results, DHG reported gaining revenue from financial activities of 7.28 billion dong, up 51.47 percent against the previous year thanks to the increasing value in the company’s deposit amounts at commercial banks.

In Q1 of 2009, the company had deposited 146 billion dong in the banks at deposit rates of 7-8 percent per year while in Jan-March 2010, the company reported to deposit 320 billion dong at interest rates of 10-10.49 percent per year.

In addition, the sales cost in the first three months decreased by 20.88 percent and management costs down 19.03 percent because the company did not set up standby fund for bad debt. Therefore, the company’s after tax profit in Q1 of 2010 was posted at 72.36 billion dong, up 82.28 percent year-on-year.

Vietstock

Tags: Hau Giang Pharmaceutical Joint Stock Co, vietnam stock, Vietnam stock market

Posted by VBN on May 13 2010. Filed under Health & Drugs, Stock. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry