Vingroup earns profit after tax of 1.352tr dong in 6 months

20-Aug-2012 Intellasia | VOV|Vingroup | 9:08 AM

Vingroup Vingroup Joint Stock Co (VIC) has announced its consolidated financial statements for Q2/2012.

VIC reached over 1.9 trillion dong of net revenue in Q2/2012, 5 times higher than that in Q2/2011. Its consolidated profit was 800 billion dong, 3 times higher than that in 2011 due to a strong increase in the cost of goods sold.

Financial revenue increased by 70 percent up to 600 billion dong. Costs of VIC also increased year-on-year. Subtracting all costs and paid tax, VIC still earned 677 billion dong of profit, 2.2 times higher than that in 2011.

According to VIC, financial revenue increased due to investments transferring while the increase in costs was because of the added costs of incorporation of Vinpearl and other subsidiaries.

Cumulatively in 6 months, VIC reached 3.786 trillion dong of net revenue and 2.248 trillion dong of consolidated profit. Its profit after tax was 1.352 trillion dong.

The profit of the holding company was 1.257 trillion dong. Its earning per share (EPS) was 1.964 dong.