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VietNamNews

Automaker Truong Hai enjoys earnings of $552.3 million

Update: April, 28/2012 - 08:58

HCM CITY — Truong Hai Automobile Co earned VND11.6 trillion (US$552.3 million) in 2011 and posted an after-tax profit of VND669 billion ($31.8 million), on which it will pay an 18-per-cent dividend. Truong Hai led domestic automotive sales last year with a 29-per-cent market share. In the first quarter of this year, it purchased a 51-per-cent stake in South Korean manufacturer Soosung for $3.5 million. — VNS

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