Friday, April 26,2024 - 10:13 GMT+7  Việt Nam EngLish 

VNSteel gained big profit 

 Monday, October 30,2017

AsemconnectVietnam - According to Mr. Nghiem Xuan Da, Chairman of Vietnam Steel Corporation (VNS), in the first nine months of this year, the parent company of VNS estimated to gain VND600 billion profit, sharply increase compared to the same period last year and exceeded the year plan.

For the first 6 months, VNS achieved VND8,939 billion in net revenue and VND274 billion in profit after tax of its parent. However, the profit from affiliates is low, VNS's parent company gained VND67 billion profit, less than one fifth of the same period last year.
By the end of the second quarter, total assets of VNSteel reached VND14,387 billion. In particular, long-term financial investments in associates and capital contribution to other entities reached VND4,788 billion.
The Company's liabilities to June 30th reached VND6,556 billion, accounting for 45.6% of total assets. Short-term debt is VND4,421 billion. Ending equity of VNS reached VND7,831 billion, up 3% year-on-year.
N.Nga
Source:tinnhanhchungkhoan.vn

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