Hung Vuong Corp: high profit in Q3
(vasep.com.vn) Hung Vuong Corp (HVG) announced its Financial Statement for Q3/2014. Accordingly, the company earned VND 3,859 billion, up 48% year on year. COGS/gross profit was high, gross profit was VND 313.5 billion, up 5.36% year on year.
Revenue from financial activities was almost VND 75 billion, nearly triple as last year’s. The company tried to reduce many costs.
Other revenue was nearly VND 14 billion, up 85%. while joint- venture activities brought VND 35 billion to the company. Hung Vuong Corp earned the profit of VND 208.57 billion. Accumulated revenue in 9 months of 2014 was VND 10,788 billion, up 40% year on year. The company had its own farms and therefore, was active in finding raw material and setting product prices.
It is expected that the company would earn VND 14,000 billion in the whole year of 2014, up 50% year on year.