August 31, 2011

Viet An JSC's total net profit decreases in H1

Viet An JSC (AVF), listed on the Hochiminh Stock Exchange, said its consolidated net profit reached VND37.14 billion (US$1.8 million) between January and June this year, declining 26.7% from last year.

Revenues rose 25.1% on year to VND784.14 billion (US$37.6 million) during January-June, it said in its consolidated quarterly financial report.

Its high financial costs were attributed to the company's profit fall during the period.

In the second quarter, AVF earned a net profit of VND16.99 billion (US$815,455) on revenues of VND485.34 billion (US$23.3 million).

Its total assets rose 13.2% from end-March to VND1.8 trillion (US$86.4 million), including equity of VND383.87 billion (US$18.4 million) at end-June.