Quoc Cuong Gia Lai reports gaining 2010 net profit of 300b dong

Quoc Cuong Gia Lai Joint Stock Co (coded QCG) has lately released the financial reports in Q4 of 2010 with sharp decline in almost all the criteria against that of 2009. In the last three months of 2010, the company’s other activities witnessed an increase of 110 percent to about 41 billion dong.



Thanks to positive results in Q3 with profit of 153.5 billion dong, the company’s accumulative profit for the whole year was posted at nearly 300 billion dong, about 2.4 times higher than that of 2009 of 123 billion dong. However, in comparison with targeted year plan of 1.08 trillion dong in revenue and 360 billion dong in after tax profit, QCG only fulfilled 67 percent and 83 percent respectively.

Tags: Vietnam stock news

Posted by VBN on Mar 18 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