Steel producer earns net profit of 126b dong in first three months

04-May-2010 Intellasia | 03/May/2010 Vietstock | 4:09 PM Print This Post

Pomina Steel Joint Stock Co (coded POM) reported gaining after tax profit of 126.14 billion dong in Jan-March, up 18.5 percent against the same period of last year.

In details, POM’s Q1 net revenue was estimated at 1.305 trillion dong, slightly increasing by 2.1 percent year-on-year. Meanwhile, the cost of goods sold in the first quarter counted for 1.106 trillion dong, down 2.6 percent, leading to an increase of 40 percent in the company’s combined profit at 198.4 billion dong.

In the first quarter of 2010, POM reported gaining pre-tax profit and after tax profit of 236.34 billion dong and 126.14 billion dong respectively.


Category: Business

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