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Mar 1, 2011

Wine producer and electrical firm release 2010 business results

VNStockNews.com - The two companies with share codes of VTL and GLT have recently released the financial reports in Q4 and whole year of 2010.


Thang Long Wine Joint Stock Co (HNX-listed VTL) announced to gain net revenue of 54 billion dong in Q4 of 2010, a slight increase of 8 percent against the same period last year, but after tax profit dropped by 25 percent to 2.67 billion dong.

Accumulatively, the wine producer reached total net profit of 5.5 billion dong, a year-on-year surge of 17.5 percent, equivalent to EPS of 3,061 dong.

Toan Cau (Global) Electrical Technology Joint Stock Co (coded GLT) reported reaching whole year net revenue of 211 billion dong, down 25 percent against that of 2009, and combined profit of 32.38 billion dong, declining sharply by 32 percent year-on-year.

In the last three months of 2010 only, GLT's net revenue was posted at 82.2 billion dong, and after tax profit of 9.15 billion dong, slumping by 17 percent and 43 percent respectively against the same period of 2009.

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