VIC earns 1.349tr dong profit in Jan-Jun period

Till the end of June, 2012, Vingroup Joint Stock Co (coded VIC) has gained a significant growth in comparison with the same period of 2011.

In detail, VIC’s revenue was 1.882 trillion dong, up more than one trillion dong year-on-year and its profit reached 1.349 trillion dong, over four times of that in 2011′s Jan-Jun period.

According to VIC, the reason for this increase was that its revenue in H1/2012 included revenue both Vincom Village project and transferring B office tower at No 191 Ba Trieu Street to Vietnam Technological and Commercial Joint Stock Bank (Techcombank).

During this year, VIC targets to reach 12.364 trillion dong of consolidated revenue and 3.055 trillion dong of profit after tax. VIC is expected to record revenue from the Royal City project in 2013 because the project is going to be accomplished and handed over to the customer by that time.

 

Category: Business