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

Confiscated bikes set for charity sale Confiscated bikes set for charity sale

The National Traffic Safety Committee plans to sell motorbikes and bicycles driving on expressways that have been banned for their use.

Cycling race escort dies in accident Cycling race escort dies in accident

A member of a motorbike escort group for the Binh Duong Open International Women's Bike Race died yesterday after being hit by a motorbike tour group.

Vietnamese cuisine book journeys out of 5-star resort's kitchen Vietnamese cuisine book journeys out of 5-star resort's kitchen

The five-star Furama Resort has released a 120-page cookbook titled A Journey Through Viet Nam's Cuisine, featuring recipes from the resort's culinary library.

HCM City youth call on banks, firms to stop funding fossil fuels HCM City youth call on banks, firms to stop funding fossil fuels

A series of activities on climate change and energy have been launched by 350.org Viet Nam aimed at raising people's awareness about the threat of a carbon bubble.

Da Nang to teach archipelago history Da Nang to teach archipelago history

The history of Da Nang and its relationship with the Hoang Sa Archipelago (Paracel Islands) will be introduced into the curricula at secondary and high schools in the central coastal city this year, officials have announced.