(seafood.vasep.com.vn) Ngo Quyen Processing Export Joint Stock Company (Ngoprexco-NGC) announced its fiscal third quarter 2016 financial statement with positive results. In general, the production and business performance in QIII/2016 such as production output, consumption and profit was higher than the same period of 2015.
Accordingly, total revenue of NGC in QIII/2016 reached VND52.9 billion, equal to the same period last year, but thanks to a fall in input costs, the gross margin increased to over VND4.8 billion from VND3.15 billion last year.
Therefore, despite a year-on-year rise in operating costs, the profit after tax of the company touched VND610 million, 5.4 times higher than the same period last year. In Jan-Sep 2016, the company reached totally VN160.5 billion in sales and nearly 1.8 billion in the profit after tax, up compared with the profit of VND310 million in the same period in 2015.
In 2016, NGC planned to hit VND2.7 billion in the profit, so after the first 9 months this year, the company completed 48.6% of the target.
Website: www.ngoprexco.com.vn
Written by Ngoc Thuy
Compiled by Dieu Thuy