Thu Duc House posts net profit of 239b dong in 2010

Thu Duc Housing Development Joint Stock Co (coded TDH) has recently released the 2010 audited business reports, of which the company posted to reach net profit of 239 billion dong, increasing by 3.8 percent against the previous year.



The company estimated to gain net revenue of 557.2 billion dong, up 76 billion or 15.8 percent year-on-year.



Due to high principal sales cost, the combined profit reduced by 35.3 billion dong to 229.4 billion dong.



The operation costs also surged, resulting in a decline of 90 billion dong in net profit from business activities to 217 billion dong. However, the company had other profit of 105.2 billion dong, up 62.1 billion dong against that of 2009.



Therefore, the company pre-tax profit was posted at 327.5 billion dong, dropping by 29.5 billion dong.



After deducting the enterprise income tax, profit for minority among the shareholders as well as the allocated profit for business partners, the company’s net profit still saw a slight increase from 230 billion dong to 238.7 billion dong.

Tags: Vietnam business, Vietnam companies

Posted by VBN on Mar 24 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