August 28, 2012

Vietnam's CMX reports 96% increase in H1 2012 net profit

Ca Mau Frozen Seafood Processing Import Export Corporation (CMX) said it made an audited net profit of VND4.98 billion (US$239,000) in the first half of this year, up 96% from a year earlier.

Earlier, the company had announced a net profit of VND5.16 billion (US$248,000), which was unaudited.

Revenues fell 5.2% on year to VND551.36 billion (US$26 million), CMX said in its audited quarterly financial report. Those from financial activities dropped 81.2% on year to VND3.31 billion (US$159,000).

Prime costs decreased 13.3% on year to VND481.12 billion (US$23 million), resulting in an on-year increase of 2.6 times in gross profit to VND70.25 billion (US$3.4 million) during the period.

The six-month earnings per share were VND376 (US$0.02), versus VND221 (US$0.01) first half last year.