Dabaco gains H1 profit of more than 40 billion dong

VNStockNews.com - Dabaco Vietnam Joint Stock Co (coded DBC) has announced that its Jan-June revenue touched 800 billion dong and it earned profit after tax of 40.5 billion dong. In Q2 of 2009 only, the company gained profit after tax of 30.9 billion dong, up 250% against that of Q1.

Previously, Dabaco had set a target to reach 2009 profit after tax of 78.3 billion dong, equal to 145 percent of that of 2008, despite the difficulty in economic context. The fact that the company only reached 9 billion dong of profit after tax had resulted in the disappointment among its shareholders. Many of them showed their worries that the company would not be able to gain the same profit as in 2008, not to mention to meet the year plan.

Therefore, the positive and optimistic business results in Q2 would reinforce the investors' belief in the company's business plan proposed by DBC's management board previously.

DBC share price after the session on July 13 was posted at 26,100 dong per share, down 900 dong against the previous session.