Ha Tinh Book and School Equipment Joint Stock Co (coded HBE) announced to reach Q1 revenue of 3 billion dong, and consolidated profit of 693 million dong. However, due to high lending cost, the company suffered from loss of 11 million dong in the first three months.
Ho Gia Bao, HBE’s general director stated that for most of the book and school equipment traders, the Q1 revenue was posted at low level. Most of the company’s revenue would come from trading textbook and school equipment in Q2 and Q3 of the year.
As for the new company of HBE Industrial one-member Co Ltd that was established early this year, that company has also brought in positive business results in Q1.