OCH leads property firms in Ha Noi
HA NOI — Ocean Hospitality and Service Co (OCH) posted the highest net profit among property development firms on the Ha Noi Stock Exchange, gaining VND84.8 billion (US$4 million) in 2011, statistics of the financial information company Vietstock have revealed.
According to the OCH financial statement, the company's last-quarter revenue increased 89 per cent year-on-year to VND33 billion ($1.6 million), lifting the whole year's figure to VND66 billion ($3.2 million), a decrease of 57 per cent from the previous year.
With a 2011 net profit of VND80 billion ($3.8 million), Sai Gon Thuong Tin Real Estate Co (SCR) ranked the second, followed by Real Estate 11 Co (D11) with VND37 billion ($1.8 million) in net profit.-VNS