March 2, 2012

A pre tax profit of VND380 billion (US$18.2 million) is Lam Thao Fertilisers and Chemicals Joint Stock Co. (LAS) targets this year.

Its revenues are set to reach VND4.2 trillion (US$202 million), the newspaper reported February 29, citing the company's General Director Nguyen Duy Khuyen.

LAS earned a net profit of VND295.47 billion (US$14.2 million) on revenues of VND4.06 trillion (US$195 million) last year, up 2.7% and 12.8% on year, respectively. At end-2011, its total assets were VND2.22 trillion (US$106.7 million), including equity of VND864.14 billion (US$41.5 million).

The fertiliser firm debuted all 54.05 million shares in Hanoi Stock Exchange (HNX), the smaller bourse of Vietnam, at a starting price of VND17,000 (US$0.82) each Thursday (Mar 1).