NVN: net profit drops 43pct to 2b dong in Q2/2011

House Vietnam JSC. (NVN) posted a 43 percent on year fall in its net profit to VND1.8 billion in Q2/2011 on lower sales.

The company’s net revenue fell 40 percent on year to VND18.8 billion during the quarter, the firm said in its income statement posted on the Hochiminh Stock Exchange (HoSE)’s website.

In H1/2011, the house company made a net profit of VND19.1 billion on net revenue of VND69.9 billion versus VND27.6 billion and VND98 billion in H1/2010 respectively.

At 09:59 August 3, NVN hit ceiling at VND13,700/share; or trailing P/E at 5.3x, the StoxPlus data showed.

 

Category: Business