Updated  
November, 30 2012 09:42:08

Vinh Son-Song Hinh hydro-power profit down

HCM CITY(VNS)– Vinh Son Song Hinh Hydro-Power Co (VSH) posed a reduced net profit of just VND45.45 billion (US$2.2 million) in the third quarter, down 20 per cent compared to the same period of last year.

The company's power production reached 149.71 million kWh during the period, down more than 11 per cent year-on-year. Electricity sales totalled VND56.86 billion ($2.7 million), down at a higher rate of over 21 per cent year-on-year because the company has yet to sign a power purchase agreement with Electricity of Viet Nam (EVN).According to the semi-annual report review, the audit said the old power purchase contract between EVN and VSH expired in 2009 and the company has not signed a new contract yet. — VNS

Send Us Your Comments:
Name:
Your E-mail address:
Title:
 

VietNamNews may edit your comments and not all emails will be published.

Highlight

Authorities step in to save old trees 1    Authorities step in to save old trees

The Ha Noi People's Committee has asked Ha Noi Urban Railway Management Unit to try to avoid chopping down many old trees to make way for a future metro line.

Young travellers rescue bus accident victims Young travellers rescue bus accident victims

A group of 16 young Vietnamese motorbikers were first on the scene at last Monday's tragic bus accident on its way from the resort town of Sa Pa, which killed 13 of the 50 passengers on a sleeper bus.

Capital's new urban areas still without safe tap water Capital's new urban areas still without safe tap water

People living in apartment buildings of the capital's new urban areas are expressing concern over poor-quality tap water.

Minister acts on highway peril Minister acts on highway peril

The Ministry of Transport has urged Lao Cai People's Committee to co-ordinate the completion of the highway linking Noi Bai airport with Lao Cai and the resort town of Sa Pa.

VN film triumphs at Venice festival VN film triumphs at Venice festival

A film by Vietnamese female director Nguyen Hoang Diep beat seven other foreign debut features to win the Best Film prize at the 2014 Venice International Film Festival's International Critics' Week.