VNE’s Q1 profit witnesses sharp increase y-o-y

25-Apr-2012 Intellasia | Kinh Te Vietnam & The Gioi page 12 | 11:22 AM Print This Post

Vietnam Electricity Construction Joint Stock Co (coded VNE) has lately released the Q1 business results with net revenue of 69.1 billion dong, increasing by 25.9 percent against the same period of 2011.

The company’s consolidated profit was posted at 28.78 billion dong, up 97 percent year-on-year.

In the first three months of 2012, the company had refunded its standby fund by 13.69 billion dong.

However, by the end of Q1, VNE still suffered from pressure of paying debt of over 1.101 trillion dong, of which the long-term loans counted for 665.28 billion dong and short-term ones of 78 billion dong.


Category: Business

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