Pha Lai power producer reports 176b dong profit

STC listed company Pha Lai Thermo Power Joint Stock Co (coded PPC) has reported that last month it gained over 351.64 billion dong in total revenue, down 5.87% month on month, and 81.32 billion dong in pre-tax profit, decreasing 14.78% from January while its production business cost totalled at 270.32 billion dong.

Thus, during the first two months of this year, the figures were over 752.2 billion dong, 176.5 billion dong, and 548.46 billion dong. The profit excludes the forex rate difference.

Till March 11, 2009, PPC’s debts at Japan Bank for International Cooperation (Jbic) was valued at 36.206 billion yen while the dong/yen forex rate on the same day was 171.66 dong per yen.

PPC estimates to spend total nearly 3.551 trillion dong on business production costs, total revenue of 3.848 trillion dong, pre-tax profit of 297.13 billion dong and a dividend of 5% in 2009.

 

Category: Business