November 16, 2011


Vietnam's AVF Q3 profit records 26% increase


Viet An JSC (AVF) made a net profit of VND32.73 billion (US$1.56 million) in the third quarter of this year, an increase of 26% from a year earlier.


Revenues soared 33.5% on year to VND536.9 billion (US$25.6 million) during the period, it said in its quarterly financial report, excluding those of its affiliates.


Its total assets decreased 13.3% from end-2010 to VND1.43 trillion (US$68.1 million), including equity of VND381.93 billion (US$18.2 million) at end-September.


This year, AVF targets a net profit of VND162.65 billion (US$7.7 million) on revenues of VND1.82 trillion (US$86.6 million) and a dividend payment equivalent to VND4,000 (US$0.19) per share.

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