Tan Dai Hung Plastic Joint Stock Co (coded TPC) has lately released the Q4 financial reports with net revenue of 131.4 billion dong, increasing by 52 percent against the same period last year. However, the principal sales cost counted for 124 billion dong, resulting in combined profit of over 7 billion dong.
In addition, the company also suffered from financial loss of over 5 billion dong in this period, compared to about 2 billion dong of profit in same period last year.
After deducting the costs and taxes, the company’s loss was posted at 525 million dong, while Q4 of 2009 profit of 30 billion dong.
Accumulatively, TPC’s net revenue was estimated at 456.6 billion dong, up 19 percent year-on-year, but combined profit declined by 73 percent to 19.6 billion dong, dragging the after tax profit to 554 million dong.