August 2, 2011

Vinh Hoan Joint Stock Company's profit soars

Vinh Hoan Joint Stock Company's (VHC) earned a net profit of VND136 billion (US$6.64 million) in H1, surging 42.06% in contrast to last year.

Revenues rose 20% on year to VND1.62 trillion (US$78.6 million) from January-June, it said in its quarterly financial report, excluding those of its affiliates.

In the second quarter, VHC netted a profit of VND64 billion (US$3.1 million) on revenues of VND829 billion (US$40.2 million), up 9.6% and 17.9% on year, respectively.

In 2011, the seafood exporter targets a net profit of VND250 billion (US$12.1 million) on revenues of VND4.2 trillion (US$203.8 million).