DNM: Q1 Net Profit Decreases 18pct on year to 2.7B dong
Saturday, April 25,2015AsemconnectVietnam - Danameco Medical Joint Stock Corporation (DNM) reported VND2.73 billion net profit in the first quarter of 2015, down 18 percent on year due to fierce competition and the firm had to cut selling prices.
The company’s revenues dropped by 15 percent on year to VND26.5 billion in the first quarter of this year. Gross profit was at VND8 billion this quarter, down 22 percent on year. The firm said in its financial statements and explanation sent to HNX’s website.
Sales expenses dropped by VND0.9 billion in Q1/2015, compared to Q1/2014 while its management costs were little changed.
The company had VND122.7 billion assets at the end of the quarter versus VND146.9 billion at the beginning of the year. Inventories rose to VND26.7 billion at the end of March versus VND21.2 billion at the beginning of January
http://stoxplus.com/News/171907/1/193/dnm-q1-net-profit-decreases-18-on-year-to-vnd2-7bln.stox
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