Hoa Binh rubber firm reports 28b dong profit in Jan-Jul

Hoa Binh Rubber Joint Stock Co (coded HRC) has reported the business results in Jan-July with 90 billion dong in total revenue and 28 billion dong in pre tax profit, fulfilling 68.9 percent of this year’s plan.

To the end of June, HRC invested 51.6 billion in other sectors mainly into rubber projects.

Ba Ria-Kampong Rubber Joint Stock Co with a chartered capital of 160 billion dong (30 percent of chartered capital being invested by HRC) will carry out the project to grow rubber in Cambodia. This year, HRC invested more 27.75 billion dong.

In the Vietnam-Laos rubber project, HRC invested 15 percent of stake. In other projects, HRC’s investment ration reached 40-68 percent of this year’s plan.

 

Category: Business