Phuoc Hoa rubber processor posts 551.6b dong profit in Jan-Aug

Phuoc Hoa Rubber Joint Stock Co (PHR) has recently announced its business results for August and the first eight months of this year.

Particularly, in August, the company tapped 2,065 tonnes of dried rubber latex, bought 808 tonnes and processed 2,873 tonnes of finished latex.

Also in August, the company put up for sale with 2,630 tonnes of finished latex at the average selling price of 97.35 million dong per tone, reaching a revenue o 256.11 billion dong. The company gained 70.64 billion dong profit before tax.

Totally in the first eight months of this year, the company tapped nearly 11,000 tonnes of dried rubber latex, or 55 percent of the year’s plan, purchased 3,992 tonnes and processed 14,990 tonnes of finished latex.

PHR’s consumption reached 15,398 tonnes of finished products at the average selling price of 98.79 million dong per tonnes, earning a revenue of 1.521 trillion dong.

The company’s profit before tax in Jan-August reached 551.64 billion dong, equalling to 90 percent of the year’s plan.

 

Category: Business