Phuoc Hoa rubber processor expects 800b dong profit in 2011

Phuoc Hoa Rubber Joint Stock Co (PHR) has recently announced its business performance for 2011 whereby as of December 24, the company tapped 20,138 tonnes of dried rubber latex and it is estimated to exceed 650-700 tonnes of dried rubber latex.

In addition, the company also bought 8.011 tonnes of rubber latex.
As of December 25, the company sold 25,254 tonnes of finished rubber latex at the average price of 94.74 million dong per tonne. Therefore, PHR’s revenue reached 2.392 trillion dong and it is estimated to be over 2.4 trillion dong for the whole year, exceeding 26 percent of the year’s target.

Its profit for the full year would be over 800 billion dong, exceeding 71 percent of the year’s plan.

 

Category: Business