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

Light it up with fire on Hue's Truong Tien Bridge Light it up with fire on Hue's Truong Tien Bridge

The 150-year-old Truong Tien Bridge, which spans over the renowned Huong (Perfume) River in Hue City, was lit up by fire in an installation by French artist Carabosse on Friday evening.

Hospital provides free asthma treatment Hospital provides free asthma treatment

The Bach Mai General Hospital will provide free check-up consultations and treatment to newly asthmatic patients on April 26, to mark Global Asthma Day (May 1).

Failure to address water pollution has consequences 1    Failure to address water pollution has consequences

Viet Nam needs to have a comprehensive, unified set of rules to control water pollution in the country, because the problem has assumed very serious proportions, experts and officials said at workshop yesterday.

Tokyo police release VNA flight attendant Tokyo police release VNA flight attendant

Vietnam Airlines announced on Wednesday that the Japanese authorities had released its 25-year-old flight attendant who had been arrested on suspicion of smuggling stolen goods.

Paean to people with disabilities Paean to people with disabilities

A photo exhibition in Dong Nai Province underscores the will and perseverance of 25 disabled people who overcame their situation to lead normal lives.