VHG posts 45m dong profit in Q4 2010

Vietnam Korea Production and Investment Joint Stock Co (VHG) has recently announced the business results in Q4 2010 with a profit fall of up to 91.83 percent against the same period in 2009.

As reported by VHG, its revenue from merchandise and services in Q4 2010 reached 79.02 billion dong and the accumulated figure in 2010 was 302.64 billion dong.

VHG’s after tax profit in Q4 was 45.2 million dong and it was 20.42 billion dong in 2010 with the earnings per share (EPS) at 817 dong in 2010.

VHG said that its net revenue in Q4 2009 reached 78.3 billion dong, increasing 9 billion dong (12.98 percent) from Q4 2009 (69.306 billion dong), after tax profit at 45.2 million, down 507 million dong (91.83 percent) from Q4 2009 (553.01 million dong) due to the input prices increased strongly along with the fluctuation of FX rate.

In addition, the expenditures of loan rate in 2010 also increased due to it raised the short term loans to support business and production projects.

Tags: Vietnam business, Vietnam stock news