VNStockNews.com - Ocean Group (OGC) has recently announced the combined fiscal report in Q4 2010 and the full year whereby in the last quarter of 2010, the group's net revenue was 457.9 billion dong. However, in Q4 2010, its original costs of goods for sales were over 380 billion dong, so its combined profit was only 77.8 billion dong.
Also in Q4 2010, its revenue from financial operations reached 169.8 billion dong and the spending on the financial operations accounted for 35.3 billion dong, thus its after tax profit was 148.6 billion dong.
The holding company's revenue accounted for 78 percent of the group's total revenue, to reach 355 billion dong and nine-fold increase against the same period last year. The holding company's after tax profit was 185 billion dong, rising nearly 400 percent against Q4 2009.
Accumulatively, for the full year 2010, OGC gained nearly 1.578 trillion dong of revenue, six time increase over the previous year. The total original costs of goods for sale increased strongly to 417.5 billion dong in 2010.
The group's revenue from financial operations was 380.2 billion dong while the expenditures for financial operations was 90.8 billion dong, increasing strongly year-on-year. Therefore, the group's after tax profit in 2010 was 603.1 billion dong, about 14 fold rise against 2009's.
In 2010, the holding company increased its chartered capital from 390 billion dong to 2.5 trillion dong.
