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Mar 1, 2011

Thai Hoa Vietnam's 2010 net profit posted at 36.8bln dong

VNStockNews.com - The HNX-listed Thai Hoa Vietnam Group Joint Stock Co (coded THV) has lately released the financial reports in Q4 of 2010 with net profit of 4.57 billion dong, raising the accumulative net profit for whole year to 36.8 billion dong, about 10 times higher than that of 2009.


The company's EPS was posted at 866 dong.

In Q4, THV reported gaining net revenue of 340 billion dong and after tax profit of 4.57 billion dong.

Accumulatively, the company's net revenue in 2010 was posted at 1.95 trillion dong, declining by 8 percent against the previous year, of which the principal sales cost counted for 1.839 trillion dong, and combined profit of 115.4 billion dong.

Last year, the company's financial activities brought in revenue of 31.33 billion dong, but financial costs rose to 96.7 billion dong.

Therefore, by the end of 2010, the company reported earning net profit of 36.8 billion dong, ten times higher than that of 2009, equivalent to EPS of 866 dong.

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