December 27, 2011


HVG earns US$22-million net profit in January-November


Hung Vuong Corp. (HVG) recorded a consolidated net revenue of VND473.14 billion (US$22.53 million) in the first 11 months of this year, soaring 92% from a year earlier.


The mother company earned a net profit of VND407.04 billion (US$19.36 million) during the period, equal to the 11-month earnings per share of VND6,167 (US$0.29).


Revenues soared 79.3% on-year to VND7.26 trillion (US$345 million) between January-November, HVG said in its consolidated financial report.


In November, HVG posted net profit of VND34 billion (US$1.6 million) on revenues of VND578.04 billion (US$27.5 million), up 9% and 18% on-year, respectively.


Its total assets rose 13.4% from end-2010 to VND6.11 trillion (US$290.6 million), including equity of VND2.06 trillion (US$98 million) at end-November.


In 2012, the seafood exporter targets a pre-tax profit of VND450 billion (US$21.4 million) on revenues of VND6 trillion (US$285.4 million).

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