November 2, 2011

Vietnam's VHC net profit soars 78%

From January-September, Vinh Hoan Joint Stock Company's (VHC) net profit jumped 78% from a year earlier to VND274.91 billion (US$13.09 million).

Revenues rose 26% on year to VND2.55 trillion (US$121.43 million) during January-September, it said in its quarterly financial report, excluding those of its affiliates.

In the third quarter, VHC earned a net profit of VND77.56 billion (US$3.7 million) on revenues of VND926.09 billion (US$44.1 million), up 33% and 36% on year, respectively.

Its total assets rose 17.5% from end-2010 to VND1.88 trillion (US$89.5 million) at end September.