October 20, 2012
Vietnam's Dabaco's consolidated net profit up 60.44% in Jan-Sep 2012
In the first nine months of this year, Dabaco Vietnam Corporation or Dabaco (DBC), among the largest feed producers in Vietnam's northern region, said its consolidated net profit soared 60.44% from a year earlier to VND262.8 billion (US$12.63 million).
Revenues rose 50.18% on-year to VND4.07 trillion (US$195 million) in January-September, DBC said in its consolidated quarterly financial report. Those from financial activities decreased 13.46% on-year to VND42.12 billion (US$2 million).
Despite a 48.74% increase in prime costs to VND3.54 trillion (US$170 million), the company's gross profit went up 58.42% on-year to VND529.75 billion (US$25 million), which was contributed to the company's profit growth.
In third quarter, DBC earned a net profit of VND17.7 billion (US$850,000) on revenues of VND1.09 trillion (US$52 million), down 85.27% and 6.84% on-year, respectively.
Its total assets rose 11.88% from end-2011 to VND3.58 trillion (US$172 million), including equity of VND1.45 trillion (US$69.6 million) at end-September.
