Thac Ba Hydropower JSC. (TBC) posted a 100 percent on-year surge in its net profit to VND19.44 billion in Q2/2012 thanks to higher electricity price and supplementary revenue in Q1/2012.
The firm said its better business results in Q2/2012 due to higher electricity selling price in the quarter.
In H1/2012, the company earned VND38.1 billion net profit on VND97.4 billion, compared to VND15.84 billion and VND51.57 billon in H1/2011, respectively.
As of end June 30, the STC-listed firm had total assets of VND834.8 billion reversing VND849.2 billion at the beginning of the period.
At 13:45 July 19, TBC was being traded up 3.45 percent at VND12,000 per share; or trailing P/E at 18.32x, the StoxPlus data showed.