NKG earns profit of 12.5b dong

28-Feb-2012 Intellasia | Vietstock | 6:05 PM Print This Post

The southern bourse-listed Nam Kim Steel Joint Stock Co (coded NKG) reported to reach whole year net profit of 12.5 billion dong, fulfilling 10 percent of targeted profit plan.

According to Q4 financial reports, the company gained net revenue of 433.6 billion dong, declining by 52 percent against the same period of 2010, while consolidated profit of 36.6 billion dong, down 41 percent.

The financial activities caused loss of 55 billion dong, leading to the loss of 35.7 billion dong in Q4.

Accumulatively, by the end of 2011, the company reached total net profit of 12.5 billion dong, equaling to 12 percent of 2010 and completing 10 percent of targeted year plan.


Category: Business

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